Kumba objects to Sishen domestic supply condition
Conditions laid down by the DMR on domestic iron ore supply and procurement are holding up the granting of the residual Sishen mining right to Kumba.
DBCM’s Barton tips diamonds to lead recovery
De Beers Consolidated Mines CEO, Phillip Barton, has tipped diamonds to be the first mining product to recover following a slump in prices.
Govt suspended platinum mining in Rustenburg
The mines safety inspectorate in the North West province said underground operations had to close - and then, unusually, changed its mine 24 hours later.
Lonmin $400m rights offer under-subscribed
Lonmin's controversial $400m rights offer was under-subscribed by some 30% with the firm's bankers now seeking to place the shares in the open market.
Guptas snap up Optimum Coal for R2.15bn
The Gupta family have bought Optimum Coal Mine out of business rescue through associate business Tegeta with Glencore advancing R400m to secure the deal.
Glencore to chase net debt down to $18bn
Glencore said it would chase net debt down to $18bn or $19bn by end-2016 and unveiled further capital expenditure cuts as low metal prices persisted.
Glasenberg renews call for lossmakers to shut
Ivan Glasenberg, CEO of Glencore, returned to a favourite theme of why mining firms continue to operate loss-making mines when closures would be easier.
Tharisa to chase down 10% cost reduction
Tharisa produced a maiden full-year profit but said for the current year it would seek a 10% reduction in costs and overheads.
Anglo’s Cutifani playing for time; praying for relief
Analysts emerged from a robust and sometimes brutal question and answer session after Anglo's investor day sceptical the restructuring went far enough.
Lurco-Burgh buy Exxaro’s Inyanda colliery
Lurco-Burgh, a joint venture between unlisted businesses, intends to beneficiate 25 million tonnes of coal in five years through the Inyanda Beneficiation Complex.