CoM lauds Shabangu in rankings success
Bheki Sibiya, CEO of the Chamber of Mines of South Africa, said South Africa's much
improved ranking in the Fraser Institute study into political risk was down to the
efforts of mines minister, Susan Shabangu.
Anglo dismisses Amplats demerger speculation
Anglo American is assessing the entire business chain in platinum production
including recycling, downstream and upstream activities and marketing ... but it will
not sell or demerge Amplats.
Big three iron ore miners may join China platform
China's recently established iron ore trading platform may be joined by the likes of
Rio Tinto, BHP Billiton and Vale.
Gold Fields lifts gold reserves 5pc
Gold Fields said gold reserves increased 5% to 80.6 million ounces assuming a gold
price of $1,300/oz.
Tanzania moves to aid small scale miners
Tanzania's government has allocated just over 100,00 hectares of land to its small
scale mining industry.
RB Plats may not tap market for R1.7bn
Royal Bafokeng Platinum says project savings and capital raised from its initial
public offering might mean shareholders won’t have to pitch in to fund the
R11.8bn Styldrift project.
Implats warns of job losses, R2bn in lost revenue
Impala Platinum warned of dire consequences flowing from the six-week strike
at its Rustenburg mine, and said the strike was an attempt to destabilise the
company.
Petra lifts SA mines stakes in R132m deal
Petra Diamonds earmarks 2.2 million carats in diamond production for this year
and says it has lifted its interest in seven of its South African mines.
ARM, Vale may spend $500m to double Konkola
ARM Executive Chairman, Patrice Motsepe, sounded an expansionary note at
the group’s interim results, with the group’s Konkola copper joint venture
looking to kick on in size.
ARM has Modikwa takeover, expansion in sights
African Rainbow Minerals said it could dilute Anglo American Platinum’s stake
in the Modikwa mine, or buy it if considered surplus to requirements by Anglo
American.