Juniors will struggle to supply iron ore: Rio
Tightened credit lines and labour shortages would make it difficult for junior mining
firms to plug the supply deficit in iron ore said Rio Tinto which added the market
would not be oversupplied any day soon.
Miranda declared ready to start coal mining
Miranda Minerals said it was over its business travails and, with a fresh
balance sheet, was looking forward to producing coal from the KwaZulu-Natal
province.
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.
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.
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.
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.
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.
Equatorial Resources bows to Exxaro offer
Equatorial Resources accepted an offer by Exxaro Resources for its 20% stake in
African Iron taking the South African firm's stake in the iron ore exploration firm to
86%.