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Glencore pays R900m for Umcebo Mining

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Glencore International extended its participation in the South African coal industry after offering R900m for Umcebo Coal which has annual production of 7.2Mt.

Xstrata sticks by Lonmin investment

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Xstrata said it was unsure how to capture the value in its 25% stake in Lonmin but said it continued to see value in the position.

Minmetals extends Anvil offer

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Minmetals Resources has extended its offer for Anvil Mining until January 11, the company said.

SA net reserves fall

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South Africa's net gold and foreign exchange reserves fell to $48.633bn in November from $49.221bn in October.

Great Basin gains as $150m loan sealed

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Ferdi Dippenaar, CEO of Great Basin Gold, says fears over the mining method at its South African mine exacerbated worries it would not secure bank debt.

SA coal exports fall in November

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Richards Bay Coal Terminal has exported 6.3 million tonnes of coal in November, compared with 7.4 million tonnes the previous month, says the firm

Anglo OKs $1.7bn Queensland coal project

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Anglo American says its board has approved the $1.7bn Grosvenor metallurgical coal project in Queensland, Australia.

Platmin to return consolidated: Gilbertson

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Platmin's proposed delisting was the precursor to a stronger, consolidated company when the market was more supportive, said Brian Gilbertson, chairman of Platmin shareholder, Pallinghurst Resources.

Target state mining firms, says Brian Menell

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Mining executives should focus less on social responsibility programmes and more on engagement with state mining companies to deal with resource nationalism, says Brian Menell.

Xstrata eyes benefits from copper supply woes

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Xstrata expects to benefit from supply troubles hitting copper globally, as it reports increased resources and says its own key projects are on track and on schedule.