Glencore to axe debt $10.2bn, cuts dividends
Glencore to cut its next two dividends and issue equity in an effort to cut cash out by $10bn and lower net debt to the low $20s bn to protect its credit rating.
Glencore to relent on divvy if market lifts
Glencore said it would not hesitate to restore dividends if the market Doomsday scenarios - as feared by some shareholders - failed to materialise.
ARM cuts capex R500m, defers Modikwa project
African Rainbow Minerals is the latest of the world's mining companies to take the knife to its capital spend programme.
SA platinum cuts under-estimate the urgency
Impala Platinum's 180,000 ounces output cut is evidence the SA platinum sector is responding to market conditions, but do the reductions go far enough?
Impala to raise R4bn in book-build
Impala Platinum said it would raise R4bn in an equity raising in order to shore up the balance sheet following a year in which cash fell 39.5% to R2.6bn.
SA gold sector in danger of self-destruction
South African gold producers, like their global counterparts, are not moving quickly enough to ensure the survival of the sector, say company executives.
Auramet makes case for hedging gold
Even in today's gold bear market, the idea of hedging gold is rejected by miners, but shouldn't risk protection have some place?
DRDGold caps off recovery with 10c dividend
DRDGold completed a highly satisfactory financial year paying shareholders a 10 cents per share dividend and may now consider a share buy-back.
Joemat-Pettersson doubts R1-trillion nuclear cost
South Africa energy minister, Tina Joemat-Pettersson, had no idea how a R1-trillion price tag had been attached to the country's nuclear power ambitions.
Sibanye would hike debt R9bn to fund future
Neal Froneman, CEO of Sibanye Gold, said he would take debt to R10bn from the current R1.7bn in a combination of organic and acquisition growth opportunities.