RioZim chases $10m for gold mine restart
RioZim, an associate of Rio Tinto, is seeking $10m in a rights offer to pay for the reopening of its Cam and Motor gold mining project in Zimbabwe.
Sibanye unveils R50m profit plan for Cooke 4
Sibanye Gold unveiled plans to save jobs at its Cooke 4 section primarily through a new work cycle which will add up to R50m in profits a year.
Implats seeking clarity on 15% Zimbabwe levy
Impala Platinum said it was unsure whether Zimbabwe intended imposing a 15% levy on unbeneficiated ore, a development that could hurt its 50% Mimosa stake.
Glencore may cut capex $2bn to protect dividend
Glencore may have to cut up to $2bn in capital expenditure to preserve its credit rating and cover its dividend, analysts said.
Lonmin slashes capex 26%, borrowings rise
The UK firm said its borrowings would increase owing to smelter downtime, but added it would honour its debt covenants despite tough market conditions.
Anglo impairs assets amid sharp price declines
Anglo American would impair assets for its 2014 financial year, especially bulk commodity prices, amid a sharp retraction in prices during the period.
Sasol delays GTL, ups R4bn savings plan
Sasol planned to better its planned R4bn in sustainable savings by 2016 in response to lower international oil prices.
Glencore cuts SA coal by 5mt as prices bite
Glencore is to cut thermal coal output from Optimum Coal by at least five million tonnes a year as coal prices bit deep causing "ongoing financial hardship".
Sibanye Gold targets 1.67m oz for 2015
Sibanye Gold produced record quarterly output in the fourth quarter taking full-year production to guidance of 1.59 million ounces.
Diamond price weakness ‘short-lived’
Analysts said the recent pull-back in diamonds would be short-lived adding that Petra Diamonds and Anglo American were buying opportunities.