Kumba cuts dividend as cash to debt vexes
Kumba unveils capital cuts while raising the alarm on EBITDA to debt cover amid a deteriorating outlook for iron ore prices.
Amplats ices projects in R6bn cost saving drive
Anglo American Platinum unveiled a second wave of cost saving in which it would cut capital R600m and delay projects while keeping to output targets.
Amplats IPO keeps pressure on sale process
Chris Griffith, CEO of Anglo American Platinum, said keeping the firm's options open on its non-core assets helped retain "pressure on the process".
Anglo sells Tarmac for $1.6bn
Anglo American provided some cheer in a taxing month saying it had sold a stake in Tarmac for $1.6bn in a move that may even secure the interim dividend.
South32’s Kerr wants to grow SA coal business
Although minor contributors to group value, South32's South African coal assets form the foundation of a growth business.
Harmony’s Briggs announces retirement plans
The retirement of Graham Briggs, the seven-year-long CEO of Harmony Gold, comes at a time when his company stands the most vulnerable if wage talks fail.
Kumba to shut Thabazimbi, retrench 1,060
Kumba Iron Ore is to shut its Thabazimbi mine in South Africa's Limpopo province taking numbers retrenched to more than 1,300 people.
RBCT unveils R1.34bn replacement plan
Richards Bay Coal Terminal is to spend R1.34bn over three years replacing its machinery at its phase one facilities notwithstanding the slide in coal prices.
Molefe Eskom stay extended three months
The power utiity also announces that four executives it suspended in March - three of whom have left the organisation - have been cleared of any wrong-doing.
Harmony, unions save Doornkop thousands
Harmony Gold hailed the cooperation of NUM and other unions for helping save roughly 3,000 jobs at its struggling Doornkop gold mine.