Gold mines face radical downsizing
The decline in SA’s share of world gold production is hardly a new phenomenon,
but the prospect of a structural shift in the industry’s composition has swung
into view for the first time.
BHP Billiton enforces stringent clean-office policy
A memorandum on stringent clean-desk practices at BHP Billiton’s Perth offices
has the stamp of CEO Marius Kloppers all over it.
Rockwell sets about Tirisano restructuring
Rockwell Diamonds may retrench a substantial number of employees at its
Tirisano mine, where a diamond processing plant will also be placed on care and
maintenance, says CEO James Campbell.
Buffelsfontein continues to dog Village Main
Buffelsfontein continues to give mining junior Village Main Reef a hard time,
and was the main contributor to the company missing output guidance for a
third consecutive quarter.
Anglo copper ambitions handed double boost
Anglo American's dealings with the world's top two copper nations producing - Peru
and Chile - took a turn for the better.
Iron ore, mineral sands depress Exxaro shares
Shares in Exxaro Resources fell under further pressure this week, registering a
9.4% decline since the beginning of July as the outlook for coal, iron ore and
mineral sands prices looked dim.
Cherish thy foreign investor
Apathy towards the priorities of "traditional' foreign investors will likely
undermine efforts to increase the contribution of mining to the social
transformation of SA, says a Sims critique.
Botswana may pass on $1.26bn De Beers pre-empt
The government of Botswana has the right to buy its pro-rata stake in De Beers
from the Oppenheimer family, but it's thought it need not bother with the
$500m expense.
Xstrata vote on Glencore bid set for Sept 7
Xstrata has effectively given Glencore and its rival Qatar shareholder the
summer break to hammer out an agreement on the takeover of the UK miner.
Gold protocol to sideline informal miners
The world’s major gold producers seek to draw an iron curtain between their
mines and especially Africa’s enormous, varied informal gold industry.