Amsa shows appetite for more litigation
ArcelorMittal SA CEO, Nonkululeko Nyembezi-Heita, is surprisingly sanguine
about the prospects of a speedy conclusion to the iron ore supply dispute
between her company and Kumba Iron Ore.
AngloGold lifts lid on Mine Waste Solutions plan
AngloGold Ashanti sees itself becoming an annual producer of five million
pounds of uranium after incorporating First Uranium’s Mine Waste Solutions
into its asset portfolio.
CoAL takes broom to board, raises $44.8m
Former Impala Platinum CEO, David Brown, promises to weigh all strategic options as he takes up the chairmanship of embattled coal firm, Coal of Africa.
Alarm as Northam forced to rehash BEE deal
Northam Platinum said its empowerment partners had sold up to 10% of their
26% stake to meet bank covenants. However, the same BEE partners will
benefit from the new deal sparking outrage.
Kloppers waives bonus as BHP takes $3.3bn hit
BHP Billiton has taken a $3.3bn hit on its nickel and shale gas assets, a decision
that has prompted CEO Marius Kloppers and the group’s head for petroleum to
forego their annual bonuses.
Keaton to raise funds as it eyes growth
Keaton Energy is aiming to raise around R80m in the near future,
notwithstanding poor market conditions for coal producers, as it remains
convinced about its growth strategy.
Gold Fields may axe 2,384 South Deep jobs
This is the worst-case scenario if the company and the NUM can’t agree on
changes to continuous operations at its West Wits mine, which is aiming for
700,000 oz in run-rate production by 2015.
First Uranium delivers final insult
Shareholders in First Uranium have to endure one last stomach blow as the
company revises down its earlier guidance on distributions from the sale of all
its key assets.
Former employees invade Kroondal, three dead
Mine violence broke out at Kroondal’s Kwezi shaft, a part of its Kroondal mine,
which is the only operation to survive brutal cutbacks amid a supply surplus.
Another blow for ArcelorMittal in Kalagadi feud
Kalahari Resources has won another round in its legal battle against its joint shareholder in the Kalagadi Manganese project, ArcelorMittal.