Anglo faces cash dilemma
Anglo American will swing into a $3.4bn cash positive situation but will lose up to 17% of its net asset value if Codelco exercises the option over its Chile copper operations, especially Los Bronces.
Mugabe’s health steers Zimbabwe destiny
President Robert Mugabe's failing health has likely forced his Zanu-PF party to press for early elections in Zimbabwe, but it has not so far loosened his grip on power.
Exxaro again faces Eskom uncertainty
SA's economy, and Exxaro Resources in particular, may be in for more bad news if there is another delay in the start-up of the first generating set at the Medupi power station.
AngloGold wants shares in Russian miner
AngloGold Ashanti wants to convert the balance of an outstanding loan it provided to Russian miner Trans-Siberian Gold into shares.
First Uranium posts quarterly sales increase
First Uranium says that its second-quarter gold sales rose 17.7% from the prior quarter and it is maintaining its full year outlook despite problems at both its projects.
Codelco funds option in Anglo copper mine
Chile's Codelco secures $6.75bn in bridging finance that could see it take a 49% stake in Anglo American Sur, a property that houses Anglo American's prized copper mine, Los Bronces.
Looking for a better Chinese deal
If Africans are going to take full advantage of China's hunger for its resources, they need to focus less on the instant cash and more on securing more substantial deals.
BHP approves $1.2bn for Olympic Dam expansion
BHP Billiton has approved $1.2bn in pre-commitment capital to start expansion work on its Olympic Dam copper and uranium mine.
CRG closure casts doubt over drainage plan
The Department of Water Affairs will be able to deal with the most critical aspects of acid mine water by year-end, but doubts over Central Rand Gold may thwart its plans.
Mpumalanga back in business
The Department of Mineral Resources has confirmed that the moratorium on prospecting right applications in Mpumalanga has been lifted.