AngloGold boosts dividend on record cash flow
AngloGold Ashanti pushes hard for an improved investment rating, surprising
analysts with a major dividend improvement and promising better returns in the
2012 financial year.
Exxaro clinches African Iron, extends offer
Exxaro Resources may have to live with significant minority shareholder
Equatorial Resources, which would appear not to have supported the African Iron
offer as yet.
Assore wary of turbulent markets
Iron, manganese and chrome ore miner Assore has reported an increase in interim earnings of 48.5% to R2.1bn, on the back of improved sales volumes and increased commissions.
Paulson cuts gold ETF, upbeat view stays
Hedge fund manager John Paulson has cut his gold ETF bullion holdings by about $600m in the fourth quarter, a second straight reduction.
Chile backs Codelco in Anglo fight
The Chilean government is ready to support state mining company Codelco to the end
in its bitter legal fight with Anglo American, says the Deputy Mines Minister.
Merafe joins Eskom power down hit list
Merafe in discussions to idle ferrochrome furnaces as fears Eskom would impose a
fresh round of load-shedding on South Africa’s mining industry start to materialise.
Philippine mining rule change slammed
Big business groups have criticised a Philippine government plan to raise revenue by imposing new taxes on mining companies and reviewing their contracts.
CGNPC closes in on Namibia’s Husab
ASX-listed Extract Resources, which owns the Husab uranium deposit in Namibia, has
received a formal bidder’s statement from China’s CGNPC-URC for a A$8.65/share deal.
Base Resources puts Kenya on mining map
Australian-listed Base Resources is developing a heavy mineral sands mine in Kenya
which will be of critical importance to the future of the country’s mining sector.
Codelco, Anglo secret talks ‘failed’
Two months of secretive talks between Codelco and Anglo American have failed to resolve a stake option dispute, so a legal battle is for now the only way forward, says Codelco's CEO.