Anglo in $4bn Minas Rio write-down
Anglo American has written down its Minas Rio iron ore project by $4bn and said capital expenditure will increase to $8.8bn as it chases a 2014 production deadline.
Anglo joins litany of billion dollar write-downs
It's been a grim time for the diversified mining firms: as billions of dollars have been written-off in investments and projects. Here's a sample of the worst.
Amplats’ Griffith hails ‘constructive talks’
Chris Griffith, CEO of Anglo American Platinum, said the firm's relationship with mines minister, Susan Shabangu, is "back where it should be".
Godongwana rules out MPRDA compromise
The ANC's Enoch Godongwana doubted the mining industry had room for manouevre regarding proposed amendments to the country's minerals legislation.
JCI’s Gray in firing line over salaries, fees
Peter Gray, CEO of cash shell JCI, was grilled by shareholders who want to know why he collects a large salary when the firm is not generating cash.
NUM blocked Implats’ push for wage lift
The National Union of Mineworkers deliberately blocked efforts by Impala Platinum to lift salaries for rock drill operators, the Farlam Commission heard.
Amplats puts 60-day hold on job cuts
Anglo American Platinum agreed with unions and government to a 60-day consultation period during which time its restructuring plan would be postponed.
Amplats may revisit restructure plan
A report by City Press raised the prospect that Anglo American Platinum may seek to mitigate a restructuring plan affecting up to 14,000 jobs.
Mantashe lashes big business for its ‘disdain’
Gwede Mantashe, ANC secretary-general, has said his party was treated by disdain by big business which was seeking to control it.
Anglo registers strike-hit Q4 output losses
As expected, Anglo American's fourth quarter production figures were blighted by its strike-torn South African mines. But there were some bright spots too.