Red tape heaps delay on Anglo’s Minas Rio
Legal and bureaucratic interruptions would delay Anglo’s Minas Rio iron ore
project once again, with an as yet undisclosed cost impact on the $5.8bn
project.
Nicolau felt Amplats had already cut back
Speaking to Miningmx before his resignation, former Amplats CEO,
Neville Nicolau, said he didn’t see the point in cutting ounces only for the benefit of the rest of the industry.
CoAL shares waiting on three key triggers
Shares in Coal of Africa are nearly 50% weaker since the beginning of the year,
but management remains adamant the share will recover. Here’s three
reasons why.
Gold Fields suspends Tarkwa heap leaching
Gold Fields said it was seeking reopening of its heap leaching activities at
Tarkwa gold mine in Ghana after offering to build water treatment facilities
there.
Lonmin hauls in capex, output growth
Lonmin cut production growth and said it might refinance its balance sheet amid
pricing conditions which, it said, may persist longer than anticipated.
China pull-back poses threat to “frontier mining’
But for how long? According to Deloitte, China’s insatiable need to urbanise, fill
tummies and provide housing means economic growth shrinkage is but a
passing phenomenon.
Firestone concludes A$40.7m finance deal
The A$40.7m convertible note finance deal introduces a new major shareholder
into Firestone Energy, and finances its Waterberg Coal Project to completion of
a bankable feasibility study.
Amsa sets out fresh Kumba iron ore dispute
Nonkululeko Nyembezi-Heita said the Phoenix project was part of Thabazimbi, a
mine from which it has a supply agreement.
Anglo to buy $555m stake in Mozambique coal
Anglo American is to join rivals Rio Tinto and Vale in Mozambique’s coking coal
industry in a deal valued at $555m for the 1.4Bt Revuboe project.
Kumba to extract 24-month payback on Kolomela
Kolomela, the nine million tonne/year iron ore mine which is perhaps Kumba
Iron Ore CEO Chris Griffith's finest achievement, will provide payback in two
years owing to its early commissioning.