Randgold relying on cash to fund growth
Mark Bristow, CEO of Randgold Resources, said the firm would not use its $200m facility as cashflows were sufficient to fund growth if gold stayed above $1,000/oz.
AMSA books R1.8bn Thabazimbi write-down
A condition of its iron ore pricing agreement with Kumba Iron Ore is that ArcelorMittal SA must write-down the carrying value of Thabazimbi by R1.8bn.
Northam wage offer rebuffed by NUM
Northam Platinum could barely mask its exasperation after having a third upgraded wage offer to NUM rejected by the union.
IFM’s Jordaan says tide has turned
Shares in International Ferro Metals have been beaten up over the last two years, but the firm believes it has the basis to support "a turnaround story".
AngloGold’s Venkat conjures recovery
AngloGold Ashanti registered important cash saving advances in the third quarter and higher production capping a positive period in which the share is 30% higher.
Venkat freezes pay, takes no bonus
Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, has responded to the furore about executive pay by freezing his own cash bonus.
JSE to roll out coal futures market
The JSE and London Commodity Brokers will this month roll out South Africa's coal futures market with the launch of two inland 'coal pantries'.
Shabangu insists pact close on MPRDA
South Africa's mines minister, Susan Shabangu, says the industry and her government are close to each other in amendments to the MPRDA legislation.
Cutifani calls for agreement on charter audit
Mark Cutifani, outgoing Chamber of Mines president, has called upon miners to find 'mutual agreement' with the DMR on an audit into mining charter compliance.
AMSA, Kumba end iron ore pricing feud
ArcelorMittal SA and Kumba brought the curtain down on more than three years of feuding over iron ore prices agreeing a cost plus 20% deal.