Home News Page 1183

News

Rains hit Anglo hard

0
Anglo American has stuck to its production targets despite a first quarter that saw floods and heavy rains hampering output, with coal output from its Australian operations down by over a third.

Kumba output hit by excessive rainfall

0
Kumba Iron Ore has reported a 23% decline in quarterly production, hit by excessive rainfall at all operations.

Shanduka takes over Sentula

0
Cyril Ramaphosa's unlisted mining group Shanduka Resources is to list its coal assets on the JSE through a takeover of Sentula Mining, which will be renamed Shanduka Mining.

Australia warns ‘no rivers of gold mining’

0
Australia is facing a mining boom with greater challenges and fewer rewards, Treasurer Wayne Swan says, warning there will not be "rivers of gold" like earlier commodities rushes.

Namibia eyes mining sector growth

0
Namibia expects investment of $3.5bn in its mining sector over the next five years, with the industry accounting for 15% of its economic output, says a minister.

Gold powers above $1,500

0
Gold has rallied above $1,500 an ounce for the first time, extending a run of record highs as investors seeks to hedge growing inflation risks and buy into a broad commodities rally.

CSN sells Riversdale stake

0
Brazilian steelmaker CSN has struck a deal to sell its 19.9% stake in Mozambican-focused coal miner Riversdale to Rio Tinto for $830m.

BHP boosts iron ore output, warns on coal

0
BHP Billiton's iron ore production has jumped, but persistent rains in Australia are delaying its coal output recovery.

Harmony exposed to corporate action

0
Harmony CEO Graham Briggs believes his group is undervalued and exposed to corporate action, should a predator be lured by the rich pickings in the Wafi-Golpu project.

Harmony’s Masimong mine to reopen today

0
Harmony Gold says its Masimong mine will reopen on Wednesday after it was shut last Thursday when a worker was killed in a locomotive accident.