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.
Ominous for Aquarius as axe is sharpened
Troubles mount for Aquarius Platinum amid a cash negative performance from
its Kroondal mine; an operation it shares with Amplats.
Amplats, the first of torrid reporting season
Amplats is the first of several South African platinum miners that will post torrid
results, resulting from an oversupply of the metal which is depressing its dollar
price.
DiamondCorp loan approved for Free State mine
DiamondCorp said it hoped to strengthen funding for its Lace mine development
following inquiries for offtake from diamond buyers.
Amplats slashes capex, lowers 2012 output
In an effort to preserve its balance sheet in these difficult times, Amplats has
slashed capex R700m amid signs its group review is intensifying.
SA’s latest platinum hopeful, Sable, lists on JSE
Sable Platinum said it intends to list on the JSE on September 17 in a reverse
takeover of cash shell, New Corpcapital.
Kumba positive on West Africa as market cools
Normality has returned to the West Africa iron ore exploration sector, said
Kumba Iron Ore, which is seeking "a second footprint' in the region.
Cash-strapped cutters embrace De Beers offer
A lack of bank liquidity and difficult trading conditions means sightholders are
likely to jump at the chance of deferring up to 50% of rough diamond sales,
says De Beers CEO Philippe Mellier.
Nicolau goes as Anglo rings the changes
UPDATED: A difference in opinion over the extent of changes needed at Anglo
American Platinum is the likely reason for the departure of the group’s CEO,
Neville Nicolau.
Tshipi manganese mine to get R84m injection
Jupiter Mines' Tshipi manganese mine is due to start first production in the
fourth quarter after raising R84m from shareholders; enough for working capital
purposes.