Amplats, Anglo fall on trading update
ANGLO American Platinum’s shares have nosedived and dragged down parent Anglo
American, following a worse-than-expected trading statement.
Anglo American releases Mitsubishi contract
Anglo American has released four documents relating to the sale of shares in Anglo
American Sur to Mitsubishi, denying the contract contains any means to change the
deal.
De Beers appoints new CFO
De Beers has announced the appointment of Gareth Mostyn as the company's chief financial officer.
Glencore sees first executive exit post-IPO
Glencore is set to lose one of its most senior executives, the first exit since its high-profile public offering last year, as part of a reorganisation of its upper echelons.
India nearly doubles gold import duty
India has hiked its gold import duty by 90% and doubled the tax on silver as the world's biggest consumer of bullion seeks to increase revenues, sending futures prices higher.
Implats’ Brown resigns, offers Zim help
David Brown, CEO of Impala Platinum, calls it a day after 14 years on the platinum
firm's board, but promises to assist with the firm's Zimbabwe affairs if asked.
BHP sees no sign of China slowdown
BHP Billiton forecasts record iron ore production this year as its quarterly output jumps by a fifth, shrugging off predictions that growth in top buyer China will slow.
Barclays sees copper prices averaging $9,000
Barclays Capital expects copper prices to rise by around 10% from current levels, while gold prices are projected to climb above $2,000 an ounce by the third quarter.
Shanduka prepares to widen its reach
Negative sentiment towards SA has kept the valuation of good mining assets in check,
says Shanduka Resources.
Gold Fields says 2011 output totals 3.49m oz
Gold Fields says its attributable production for the 2011 financial year is expected to be 3.49 million ounces.