Investors score as Kumba ups dividend
Kumba Iron Ore has declared a record interim dividend as higher export iron ore prices more than made up for weather-related production losses.
Kumba eyes West Africa for growth
Kumba Iron Ore says it will again look at West Africa for expansion, aiming to source up to 20 million tonnes of ore from the region by 2020.
Zimbabwe rejects all indigenisation proposals
Zimbabwe has rejected all 175 local ownernship proposals it received from foreign mining companies.
Metorex output stays flat
Copper producer Metorex has said first-half copper output rose 1% compared with the preceding six-months, while production of cobalt fell 6%.
Flooding continues to impact BHP Billiton
BHP Billiton has reported a bigger-than-expected quarterly jump in metallurgical coal production from flood-hit eastern Australia.
Coal workers want ‘reasonable’ offer
At the start of wage negotiations in the coal sector, unions demand a 14% wage hike, while firms offer 5%.
Coal law could benefit SA exporters
Draft legislation in Indonesia could prove very profitable for South African coal exporters seeking to export lower quality coal to India and China.
Merafe expects sharp drop in earnings
Ferrochrome producer Merafe Resources expects sharply lower earnings for the six months to June and is cutting back production because of current weaker market conditions.
Rockwell trims fundraising target
Rockwell Diamonds has scaled down its plans to raise C$35.3m in new funds, opting to aim for $20m instead.