Lonmin rights offer a folly, say analysts
In the absence of its ambitious platinum price forecast materialising, Lonmin's $400m rights offer may just lead to further, more serious, turmoil in the future.
Glencore $25bn debt target draws cautious praise
Analysts welcomed Glencore's target of $25bn in net debt by year-end, but they said progress had to be underpinned by sustained operational cash flows.
Mining leaders worry Phakisa is just talk
South African mining leaders are concerned the government's latest intervention, Operation Phakisa, will add more verbiage to the garbage heap.
DMR haggling prolongs Kumba, SIOC saga
The South African government has imposed conditions before it will bring the Kumba, Sishen Iron Ore imbroglio to an end.
SA mining boards meet charter targets: PwC
PwC said that South Africa's mining sector had met its employment equity targets at board level in terms of the mining charter ... but only just.
AMCU gold strike could sound NUM death-knell
Don't be surprised if the once mighty National Union of Mineworkers collapses completely within the next six months as it battles AMCU.
Lonmin to write down assets by $2.1bn
Lonmin said it had made progress on its plans to retrench 6,000 jobs and said assets had been revalued to between $1.6bn and $1.8bn.
SA miners flat-footed on mine closures
South Africa's mining industry has been able to adapt in all areas except in the issue of mine closure certificates, experts said.
Signs that platinum market has bottomed
There are signs that the platinum market may have put the worst behind it, according to analysts and market commentators.
Optimum may extend Hendrina coal supply
Optimum Coal has offered to continue supplying Eskom's Hendrina coal mine beyond November whilst the Mpumalanga colliery undergoes business rescue.