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.
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.
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.
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.
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.
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'.
Wescoal’s star continues to rise
Wescoal Holdings established furthers its credentials as a coal stock on the rise posting solid interim results and saying it could grow by acquisition.
Hot in the kitchen at Implats
These are tough times for Terence Goodlace and Impala Platinum where operational change is complicated by the threat of strikes and an unhelpful platinum price.
VMR rejects R400m bid for Tau Lekoa, Buffels
Village Main Reef confirmed that it had rejected an offer for its Tau Lekoa mine saying the bid far undervalued the cash generating capacity of the operation.