Oppenheimers sell out of De Beers
After more than a century's involvement in diamonds, the Oppenheimer family is to bid goodbye to its 40% stake in De Beers after it accepted a $5.1bn offer from Anglo American.
Carroll rules out De Beers IPO
UPDATED: Anglo American’s dilemma with Codelco has no bearing on its decision to buy-out the Oppenheimers’ stake in De Beers. It also has no intention to list the diamond miner, says the company.
The Oppenheimers eye new projects in Africa
Nicky Oppenheimer has no intention of leaving the $5.1bn he will get from Anglo American for De Beers in the bank. He and son Jonathan intend using some of the proceeds to go mining in Africa.
CoAL to raise $100m via placing
Coal of Africa says it plans to raise about $100m in a placing mainly to bring the Vele project into production and to complete the acquisition of Rio Tinto's Chapudi Coal project.
Amsa slips into Q3 loss
ArcelorMittal SA has reported a third-quarter loss due to higher costs and lower steel prices, but says earnings in the following three months will improve
De Beers on the hop over SA ‘exit’
De Beers Consolidated Mines has told parliament it's not planning to leave South Africa, despite a sell-off of its assets.
Compromise on Marange diamonds ‘necessary’
The US has agreed to a compromise allowing Zimbabwe to export diamonds, to prevent the paralysis of the global system for stopping trade in "blood diamonds", says its State Department.
Pleming to help launch global fund
David Pleming, who carved a name for himself dominating the investment analyst rankings, is to help launch a US-domiciled hedge fund.
Amplats stops production to highlight safety
Amplats is to halt production at all of its operations to highlight the importance of safety and to remember colleagues who have lost their lives.
CFM to upgrade Sena line by early 2013
Mozambique's ports and railways company CFM expects to complete a refurbishment of the Sena rail line linking the Beira port with coal mines in the Tete province by early 2013.