Home News Page 938

News

Petra targets 3m carats as gem market firms

0
Petra Diamonds said it could produce as much as 3 million carats in the current financial year amid a firm diamond market.

Barrick ‘still a seller’ of African gold unit

0
Greg Hawkins, CEO of African Barrick, said the firm's Canadian - Barrick Gold - was still a seller of its stake, but was supportive of the turnaround strategy.

Investment climate chills for Mozambique

0
Optimism about mining prospects for the southern Africa country has cooled amid renewed political hostilities and the climb-down in commodity prices.

Anglo’s Cutifani targets $1.3bn cash flow lift

0
In his first results presentation, Anglo's Mark Cutifani also took the hatchet to management levels and was withering of the group's capital discipline.

‘Anglo relationship to SA must change’: Cutifani

0
Anglo American was weighing up its relationship to South Africa, a country where it still derives most of its value.

Lonmin wary of safety, labour stoppages

0
UPDATED - Lonmin said Q3 mining had been hampered by safety stoppages, but added it remained confident of meeting its 660,000 ounce full-year sales forecast.

Glencore completes Mutanda, Kansuki merger

0
Glencore Xstrata said it had completed the merger of its Mutanda copper and cobalt mine with Kansuki - a deal that sees Ivan Glasenberg work with Dan Gertler.

Political undertone to coal terminal plans

0
One view as to why South Africa's Transnet needs to build another new coal export lies in the government's interest in controlling flows of the fuel.

AngloGold to raise up to $1bn in corporate bond

0
AngloGold Ashanti said it would raise between $750m and $1bn in a corporate bond which it would use to de-stress its balance sheet.

Merafe interim earnings hit by impairment

0
Merafe Resources is a company under pressure following the loss on the proposed sale of its Horizon mine in Limpopo province.