Off The Wires

Anglo may have lost $1.7bn on Amapa

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Anglo American has taken a major haircut - possibly as much as $1.7bn - on the sale of its Amapa iron ore mine in Brazil, according to a report.

BHP Billiton prices $5bn bond

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BHP Billiton is the latest mining company to exploit relatively now yields in the US bond market pricing a $5bn issue amid $16bn in capital expenditure this year.

Lawyer calls for ‘industry-wide’ settlement

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Richard Meeran, an attorney for Leigh Day, said the mining sector ought to come up with an industry-wide settlement for silicosis sufferers.

Anglo cuts Amapa sale after landslide

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Anglo American agreed to cut the selling price of its Amapa iron ore mine in Brazil after a landslide damaged the port used by the project.

AMCU calls two-day strike at Amplats

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The Association of Mineworkers & Construction Union has called strike action at the mines of Anglo American Platinum in protest against its restructuring plans.

London Mining in $40m Marampa expansion

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London Mining is to spend $40m in 2014 expanding its Marampa iron ore mine in Seirra Leone to six million tonnes a year.

Anglo American settles 23 silicosis claims

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Anglo American South Africa said it reached an undisclosed cash settlement with 23 former miners who had contracted silicosis.

Sibiya warns against MPRDA changes

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Bheki Sibiya, CEO of the Chamber of Mines, has warned against under-estimating the negative impact of proposed amendments to the MPRDA.

BEE deal not forced on Gold Fields

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Gold Fields was not coerced into choosing certain partners in order to empower its South Deep mine, said a former official at the mineral resources department.

Ivanhoe to raise C$108m in share offering

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Robert Friedland's Ivanhoe Mines plans to place between 50 and 54 million shares for C$2/share raising funds for the firm's DRC base metal projects.