Friedland exits as Ivanhoe, Rio sign financing deal
Ivanhoe Mines says its founder and Chief Executive Robert Friedland has resigned as
part of a financing deal with majority shareholder Rio Tinto.
Fleeing Renamo says 1992 peace deal is over
Renamo said a peace deal with the government, Frelimo, was over after it claimed its headquarters were attacked by state troops.
BHP Billiton turns in strong output figures
BHP Billiton produced a strong first half production performance and said volumes would grow an aggregate 16% over the next two years.
Glencore to cut 340 jobs from SA coal ops
Glencore is to cut 240 jobs following a decision to shut its South Witbank coal mine while another 100 are at risk at the nearby Witcons coal processing plant.
Mozambique mine attacked after shooting
A mine in Mozambique owned by Canadian firm Wildcat Resources was attacked and destroyed on November 9 after mine security shot dead an illegal miner.
Wet weather to pose Eskom coal problems
Eskom said it was impossible to completely remove the risk of supply wet coal to its power stations during the summer months when rainfall was greatest.
AngloGold bondholders take up offer
Holders of nearly two-thirds of the most expensive bond on AngloGold Ashanti’s books took up its offer to sell out early, easing the company’s debt burden.
SA to get R10bn to treat acid mine drainage
South Africa's Department of Water and Sanitation said it had been promised R10bn from the National Treasury to treat acid mine drainage.
‘Only at beginning of cutbacks’: Holland
The South African gold industry's shrinkage under the effects of a lower gold price was only at the beginning, said Nick Holland, CEO of Gold Fields.
Investors oppose Sasol executive pay policy
Investors including the Public Investment Corporation are opposing the executive remuneration policies of Sasol which last year doubled the pay of CEO, David Constable.