Safety stoppages hit Lonmin Q1, confirms target
Lonmin has posted a rise in first quarter output, despite the impact of safety stoppages which it warned could hit both sales and costs if current trends persist.
DMR task team to review safety stoppages
Government, industry and organised labour have established a task team that will
review how safety stoppages ‒ known as Section 54s ‒ are applied to the mining
industry.
Rand shields Merafe from ferrochrome woes
The weaker rand is giving Merafe Resources some respite from the distressed
ferrochrome market, analysts say, while the company has also secured debt to
finance the Lion expansion project.
Shock over Zimbabwe’s licence fee regime
The chairman of Zimbabwe’s parliamentary Committee on Mining and Energy, Edward
Chindori-Chininga, has criticised the country’s proposed hike in mining licence fees.
Pan African Resources expect earnings surge
Pan African Resources says it is expecting an increase in interim headline earnings of up to 93%.
Sierra Leone in battle to avoid ‘resource curse’
Sierra Leone is fighting an uphill battle to avoid the 'resource curse' of high-level graft, civil unrest and a lack of economic diversity that has afflicted many regional neighbours.
Anglo to face criminal probe in Chile
Chilean prosecutors have launched a criminal investigation into Anglo American's sale
of a 24.5% stake in a local subsidiary to Japan's Mitsubishi.
SA platinum in troubled waters
Anything less than an annual output of 2.6 million ounces from Anglo American
Platinum for 2011 will support the growing perception that SA's platinum industry is
headed for hard times.
SA less attractive to mining investors: SAIRR
SA has become significantly less attractive as a mining investment destination since 2006, says the SA Institute of Race Relations.
IFM recovery exceeds expectations
Ferrochrome producer International Ferro Metals has taken another step towards
restoring investors’ faith, meeting key cost and production milestones as it seeks to
regain former highs.