Home News Page 903

News

Anglo to write-down $4bn to $5bn: report

0
Anglo American is set to announce write-downs of between $4bn and $5bn, according to the Sunday Times.

Amplats furore knocked R40bn off Anglo

0
Investors fled Anglo American, although according to a legal expert the suspension of its mining licences would have to be conducted through the courts first.

De Beers bullish on Angola mining prospects

0
De Beers said it was confident of finding a mine in Angola that would help it recoup the $250m it had spent in exploration there since returning to the country in 2005.

Cutifani keeps an open mind on Amplats

0
Mark Cutifani, CEO-designate of Anglo American, said he would change plans at Amplats if it was necessary and said far-reaching changes were possible at Anglo.

Amcu gears up for weekend of protest

0
The Associated Mineworkers & Construction Union (Amcu) said it had persuaded Amplats workers to return to work but said protests would kick off this weekend.

MPRDA amendments confound legal experts

0
The draft Minerals and Petroleum Resources Amendment bill included worrying levels of ministerial discretion and included unnecessary changes, legal experts say.

Albanese quits Rio amid $14bn write-down shock

0
The write-down of aluminium assets was expected but it was the $3bn impairment of Rio Tinto's Mozambique assets that delivered the fatal blow to Albanese.

Labour stakes raised as Amcu clears throat

0
Events at Harmony and Amplats have raised the temperature in labour relations at a time industry was seeking calm. And now here comes Amcu ....

Strike rumblings at Amplats Rustenburg mines

0
There are unconfirmed reports of strikes at Anglo American Platinum's Rustenburg sections amid calls by the NUM to resist protests as this will only hasten job losses.

Eskom defends 16% tariff increase application

0
The Independent Democrats-Democratic Alliance has joined the chorus of critics who say Eskom's power tariff application is excessive.