Anglo ‘paid too much’ for Minas Rio
Cost increases at Minas Rio may indicate that Anglo American CEO Cynthia Carroll has overpaid for the controversial iron ore project.
DMR audits Eskom’s bogus suppliers
The DMR is investigating a number of coal companies which had applied for mining rights under the pretext of supplying the resource to Eskom, but have been exporting it instead.
Avalloy seeks breakthrough year
Superalloy producer Avalloy says beneficiation and skills development are at the core of its growth strategy.
Gold Fields targets foreign gold
Gold Fields has opted to focus its attention on new mine projects in Peru, Finland, Mali and Australia ahead of the proposed uranium recovery plant in South Africa.
BHP seeks monthly price for met coal
BHP Billiton has notified major Japanese steelmakers that from April it wants monthly pricing of metallurgical coal to replace quarterly pricing, according to a report.
Anglo doubles profit, announces new JV
UPDATED: Anglo American has almost doubled its operating profit on the back of higher commodity prices as well as improved efficiencies, and will resume paying a final dividend.
Exxaro expects profit to double
Exxaro Resources says its full-year profit has likely doubled as the global economic recovery pushed commodity prices higher.
Hedge haunts AngloGold one last time
AngloGold Ashanti has seen its earnings gobbled up by the elimination of its hedge book one last time, reporting a $764m headline loss for the quarter to end-December.
AngloGold enters new profitability era
AngloGold Ashanti stands on the brink of an earnings explosion as it enters a new financial year free from the restraints of a gold hedge, analysts say.
Implats boosts earnings and dividend
Impala Platinum cashed in on rising platinum group metal prices during the six months to end-December, with increases in production from its Rustenburg and Zimplats operations.