Cutifani lights touch paper on SA failings
Anglo American's Mark Cutifani issued his sternest warning yet that policy uncertainty and labour strife would toll the end of the South African mining sector.
Kumba supportive of Exxaro in BEE restructure
Kumba Iron Ore CEO, Norman Mbazima, said the company would be supportive of Exxaro as it sought to restructure its BEE structure at a time of price lows.
Transnet roll-out a reminder the pain will stop
Transnet has increased its infrastructure roll-out to R337bn even though the mining industry it is supposed to support continues to reel under market forces.
Anglo maintains interim dividend, cuts staff 46%
Anglo American unveiled a brutal 46% reduction in employee numbers in order to save $300m of a $500m cost saving drive over and above productivity targets.
Exxaro BEE in R400m loan deal to pay lenders
The decline in Exxaro's shares and income has forced its 52% empowerment partner to seek a R400m loan to settle part of a R3.8bn preference share facility.
Lonmin woe one of many pickles in the debt jar
Miners are struggling to tap capital markets because it's so hard to tell which way the wind is blowing, although Lonmin may have left a rights issue too late.
Mining shares capitulate on day of heavy selling
A difficult day for the major mining shares in a selling action described by analysts has "a capitulation" as market prices outweighed efforts by management.
Anglo sells Tarmac for $1.6bn
Anglo American provided some cheer in a taxing month saying it had sold a stake in Tarmac for $1.6bn in a move that may even secure the interim dividend.
South32’s Kerr wants to grow SA coal business
Although minor contributors to group value, South32's South African coal assets form the foundation of a growth business.
Exxaro faces series of strategic brain-teasers
Empowerment and decisions over investments in Moyoko, Tronox and TCSA have made 2015 a year of delicate decision-making for Exxaro Resources.