Optimum RBCT coal exports to fall
A combination of industrial action and the relocation of draglines would mean lower
exports from Optimum Coal for the remainder of its financial year.
ANC paper deplores SA’s poor skills base
SA’s development plans are bound for failure if the country does not improve its levels
of technical training and technology development, reads the ANC’s document on
mining.
Desperate Aquarius’s share price tumbles
Aquarius Platinum’s earlier warning that its interim figures would be less than flattering
has not prepared the market for the severity of the predicaments the group is facing.
ANC paper slams carbon tax draft
The ANC discussion document on the state’s involvement in mining has slated
Treasury’s carbon tax proposals, saying such measures would be "extremely
damaging' to SA's economy.
BHP tempers outlook, sees growth slowing
BHP Billiton has reported its first half-year profit fall in two years, hurt by lower commodity prices and higher costs, and says it expects longer-term demand from China to slow.
ANC paper punts bigger state stake in Kumba
A draft summary of the ANC discussion document on mining suggests a bigger share
for government in Kumba Iron Ore to facilitate a reduction in local steel prices.
Rio Tinto earmarks $3.4bn for iron ore boost
Rio Tinto has announced a $3.4bn expansion of iron ore mining in Australia, where it has mapped out a plan to lift capacity by more than 50%.
Nkwe, ARM’s rights standoff continues
Nkwe Platinum says it is still in negotiations over the dispute as to the ownership of certain farms controlled by the company and its majority shareholder, Genorah Resources.
Glencore, Xstrata agree $90bn merger
Glencore and Xstrata have agreed an all-share merger worth $90bn in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.
Amsa reports FY loss, but sees better Q1
ArcelorMittal has reported a full-year headline loss, hit by higher raw material costs and weaker sales, but says it expects a better first quarter.