Amplats to sell Union, MASA Chrome to Siyanda for R400m
ANGLO American Platinum (Amplats) took the sale of non-core assets to no less than R6.3bn in 18 months after agreeing to part with its...
Acacia wins plaudits after it doubles cash, dividend
SHARES in Acacia Mining, the Tanzanian gold miner listed in the UK, jumped 8% today following the release of excellent results for the year...
John Parker to vacate Anglo American chair this year
JOHN Parker, the UK industrialist who fired Anglo American CEO, Cynthia Carroll, replacing her with Australian, Mark Cutifani, is to step down from the...
Rescue of DiamondCorp’s Lace mine hangs in balance
BUSINESS Rescue Proceedings (BRP) aimed at saving DiamondCorp's Lace mine were in danger of failure after a number of agreements required to implement the...
Kumba passes dividend citing volatile market, Anglo review
THE fluid nature of market conditions and uncertainty over the short-term future for Kumba Iron Ore were reflected in its surprise decision to pass...
Glencore pays $534m cash for Mutanda, higher stake in Katanga
GLENCORE is to buy full control of Mutanda Mining, a copper producer in the Democratic Republic of Congo, and lift its stake in the...
Cash-leaking Lonmin desperately “pulling every last lever”
RED flags are being raised over Lonmin’s ability to avoid leaking cash notwithstanding a restructuring in which 6,000 jobs – about 15% of its...
Amplats may get 30% earnings boost as chrome price soars
SHARES in South African platinum companies were punished from August last year after it became apparent the dollar price of platinum wasn’t going to...
Anglo soapie Makarapa City seeks to tap community mind
FIFI has just been on the phone to her daughter, Lala, who’s wished her mother a happy wedding anniversary. But she can’t talk long:...
Zuma to resuscitate state-owned mining bill this year
PARTICIPATION of the South African state in its mining industry would be strengthened with a bill that would create a standalone government-owned mining company...