Impala Platinum hit by safety stoppages
Impala Platinum is the latest in a long line of mining companies to report production
losses caused by an increased number of Section 54 stoppages.
African Barrick Gold profit rises, trebles dividend
African Barrick Gold posted a 30% increase in core profit for 2011, as a rising gold price pushed margins to record levels, offsetting the impact of soaring costs.
Impala strike turns violent
Thousands of protesting miners have burnt tyres and torched a police office near Impala Platinum's Rustenburg mine, as a month-long strike turns violent.
Brown: Zimbabwe land rental fee ‘a mistake’
Impala Platinum CEO David Brown reckons the huge increase on land rentals proposed
by the Zimbabwean government is a mistake because it will bankrupt the entire mining
industry.
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.
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.
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.
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.