Kumba FY earnings up on higher iron ore prices
Kumba Iron Ore has reported a rise in full-year profit, boosted by higher iron ore prices and says it expects export volumes to rise in the current financial year.
Desperate Aquarius’s share price tumbles
Aquarius Platinum’s earlier warning that its interim figures would be less than flattering
has not prepared the market for the severity of the predicaments the group is facing.
Optimum RBCT coal exports to fall
A combination of industrial action and the relocation of draglines would mean lower
exports from Optimum Coal for the remainder of its financial year.
ANC paper punts bigger state stake in Kumba
A draft summary of the ANC discussion document on mining suggests a bigger share
for government in Kumba Iron Ore to facilitate a reduction in local steel prices.
Rio Tinto earmarks $3.4bn for iron ore boost
Rio Tinto has announced a $3.4bn expansion of iron ore mining in Australia, where it has mapped out a plan to lift capacity by more than 50%.
Nkwe, ARM’s rights standoff continues
Nkwe Platinum says it is still in negotiations over the dispute as to the ownership of certain farms controlled by the company and its majority shareholder, Genorah Resources.
ANC paper slams carbon tax draft
The ANC discussion document on the state’s involvement in mining has slated
Treasury’s carbon tax proposals, saying such measures would be "extremely
damaging' to SA's economy.
BHP tempers outlook, sees growth slowing
BHP Billiton has reported its first half-year profit fall in two years, hurt by lower commodity prices and higher costs, and says it expects longer-term demand from China to slow.
Amsa reports FY loss, but sees better Q1
ArcelorMittal has reported a full-year headline loss, hit by higher raw material costs and weaker sales, but says it expects a better first quarter.
Xstrata’s Davis defends ‘cheap’ Glencore deal
The terms of Xstrata’s proposed merger with Glencore are the best within the "realm
of the possible", says CEO Mick Davis.