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.
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.
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.
Base Resources puts Kenya on mining map
Australian-listed Base Resources is developing a heavy mineral sands mine in Kenya
which will be of critical importance to the future of the country’s mining sector.
Merafe joins Eskom power down hit list
Merafe in discussions to idle ferrochrome furnaces as fears Eskom would impose a
fresh round of load-shedding on South Africa’s mining industry start to materialise.
Codelco, Anglo secret talks ‘failed’
Two months of secretive talks between Codelco and Anglo American have failed to resolve a stake option dispute, so a legal battle is for now the only way forward, says Codelco's CEO.
BHP, Rio approve $4.5bn Escondida expansion
BHP Billiton and Rio Tinto have raised their bets on global copper demand, approving plans for a $4.5bn expansion of the massive Escondida mine in Chile.