Zim’s Tsvangirai pleads for Australian investment
Zimbabwe Prime Minister Morgan Tsvangirai has asked Australia to invest in his
country’s mining sector and ease sanctions on the country.
Anglo to buy $555m stake in Mozambique coal
Anglo American is to join rivals Rio Tinto and Vale in Mozambique’s coking coal
industry in a deal valued at $555m for the 1.4Bt Revuboe project.
Kumba to extract 24-month payback on Kolomela
Kolomela, the nine million tonne/year iron ore mine which is perhaps Kumba
Iron Ore CEO Chris Griffith's finest achievement, will provide payback in two
years owing to its early commissioning.
DiamondCorp loan approved for Free State mine
DiamondCorp said it hoped to strengthen funding for its Lace mine development
following inquiries for offtake from diamond buyers.
Ominous for Aquarius as axe is sharpened
Troubles mount for Aquarius Platinum amid a cash negative performance from
its Kroondal mine; an operation it shares with Amplats.
Amplats, the first of torrid reporting season
Amplats is the first of several South African platinum miners that will post torrid
results, resulting from an oversupply of the metal which is depressing its dollar
price.
Amplats slashes capex, lowers 2012 output
In an effort to preserve its balance sheet in these difficult times, Amplats has
slashed capex R700m amid signs its group review is intensifying.
Cash-strapped cutters embrace De Beers offer
A lack of bank liquidity and difficult trading conditions means sightholders are
likely to jump at the chance of deferring up to 50% of rough diamond sales,
says De Beers CEO Philippe Mellier.
SA’s latest platinum hopeful, Sable, lists on JSE
Sable Platinum said it intends to list on the JSE on September 17 in a reverse
takeover of cash shell, New Corpcapital.
Kumba positive on West Africa as market cools
Normality has returned to the West Africa iron ore exploration sector, said
Kumba Iron Ore, which is seeking "a second footprint' in the region.