Lonmin lowers full-year sales to 420koz
Lonmin reduced its full-year sales guidance to 420,000 ounces for the year to September, nearly half of the 715,000 oz in sales during the previous year.
DRDGold to sell mineral rights for R220m
DRDGold is to sell mineral rights owned by its now closed gold mine, East Rand Properitary Mines or ERPM, to private company Walcott Capital for R220m.
Zimplats declares Bimha mine safe
Zimplats, which is controlled by Impala Platinum, said its Bimha mine was safe after a collapse of a shaft that cost it 50% of its production.
Rio’s Walsh says spending recognised
Rio Tinto CEO, Sam Walsh, says investors are recognising again the need for mining companies to spend for long-term development.
Coal market to be 10mt over-supplied
The global thermal coal market would be over-supplied by about 10 million tonnes this year, said Reuters citing analysts and traders.
Implats earnings more than fifth lower
Impala Platinum said its headline and basic share earnings for the year ended June 30 would be more than 20% lower.
Anglo, BHP may sell manganese assets
Anglo American and BHP Billiton were in talks to sell their interests in their respective South African and Australian manganese assets for $1.3bn.
Kinross preparing $1.6bn Tasiast expansion
North American gold counter Kinross Gold has retained BNP Paribas to help it raise $1.6bn for the expansion of its Tasiast gold mine in Mauritania.
BHP, ArcelorMittal seek Liberia access
BHP and ArcelorMittal have jointly applied to export iron ore from Guinea through Liberia to a port controlled by the steelmaker.
BHP to raise iron ore output in 2015
BHP Billiton has earmarked further production growth from its Western Australian iron ore mines despite a decline in prices for the mineral.