Off The Wires

Amplats facing protracted asset sale process

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The divestment of Anglo American Platinum's non-core Rustenburg assets was likely to be protracted, said analysts.

Briggs acknowleged by SA mining industry

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South African mining industry acknowledged the contribution of Graham Briggs, the CEO of Harmony Gold who announced yesterday that he planned to retire.

Tax rate leaves Zambia mining discontented

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Zambia's mining industry was unhappy with the country's proposed corporate tax rate of 35% saying it would dissuade new investments.

CoM to meet AMCU on membership

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Chamber of Mines said it was concerned about the difference of opinion regarding membership figures of AMCU, but said it would work to resolve the matter

Transnet CFO to oversee Eskom funding plan

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Anoj Singh, CFO of state-owned logistics and transport company, Transnet, is to be seconded to Eskom where he will oversee its R250bn funding plan.

Anglo to book $3bn-$4bn charge on coal, iron ore

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Anglo will impair its coal and iron ore assets for between $3bn and $4bn at the interim stage while diamond production would be 6% lower.

Mining to help Namibia grow 5% in 2015

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Namibia's economy is forecast to grow 5% this year partly owing to mining output as well as construction in the private and public sectors.

Acacia fighting $115m mineral right claim

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Acacia Mining is contesting a $115m compensation claim from a former partner over the loss of a concession in Tanzania.

Anglo American may cut dividend, say banks

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Three banking groups said Anglo American may cut its interim dividend amid a slide in commodity prices.

Rockwell suspends Niewejaarskraal amid loss

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Difficult times for Rockwell Diamonds as management continues to restructure its assets amid high costs which led to a hefty $65m first quarter attributable loss.