Off The Wires

Ivanhoe to retrench as waits for SA licence

0
Ivanhoe Mines said it had no choice but to lay off staff at its IvanPlats project in South Africa while it waits for granting of a mining licence.

BHP to invest judiciously in iron ore

0
BHP Billiton CEO, Andrew Mackenzie, said the company would debottleneck its iron ore facilities in an effort to continue production growth.

Timis prepares $20m for Marampa mine

0
Frank Timis and Tony Sage, two well known mining entrepeneurs are preparing a $20m bid for London Mining's Sierra Leone mine

Uncertainty in Namdeb diamond sale talks

0
The Namibian government said it was uncertain when it would strike an agreement with De Beers on a new marketing sales deal for Namdeb.

Norilsk seals $337m exit from Africa

0
Russia's Norilsk has concluded a strategy of exiting from its African business after agreeing to sell nickel assets for $337m to Botswana's BCL.

AngloGold said an Ebola outbreak contained

0
An outbreak of the Ebola virus near AngloGold Ashanti's Siguiri mine in Guinea had been contained two months ago.

Wesizwe Pt sees “huge downsizing” in sector

0
Wesizwe Platinum said there would be "huge downsizing" in the South African platinum sector in which the company could participate.

Platinum market confounds analysts

0
The minimal reaction of the platinum price to supply interruptions has analysts scratching their heads as to the quantum of inventories.

Moody’s warns on iron ore price falls

0
Iron ore prices may have further to fall and could result in ratings adjustments of producers of the mineral, said Moody's.

500 down tools at Glencore’s Koornfontein

0
Workers at Glencore's coal mine Koornfontein downed tools over packages offered to retrenched employees, and said they would apply for a secondary strike.