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Mining

R617m tax breather boosts Kumba's profits as CEO resigns

Jul 26 2016 08:34

A R617m tax breather has boosted Anglo American’s iron ore unit Kumba, which posted a 20% rise in profit to R3bn, while its CEO has announced his decision to step down.

Mining

Anglo American coal bidders in talks for deal financing

Jul 25 2016 21:00

Bidders for Anglo American’s Australian metallurgical coal assets, including Coronado Coal and AMCI Capital, are in talks with banks for acquisition financing.

Mining

Randgold seeks to increase reserves at Senegal deposit

Jul 25 2016 20:30

Randgold Resources needs to add an extra 1 million ounces of reserves to make the development of its Massawa resource in Senegal feasible, says its CEO.

Mining

Mining industry supports unclaimed benefits efforts - lung disease group

Jul 25 2016 19:25

The Occupational Lung Disease Working Group says it actively supports national departments to ensure former mineworkers can claim all their benefits.

Mining

Bapo chief and Marikana’s missing millions

Jul 25 2016 15:23

The biggest single share of the money Lonmin paid to the community around its Marikana mine went towards a new palace for the chief of the Bapo Ba Mogale, a report shows.

Mining

Amplats sees limited platinum-supply growth as profits dive

Jul 25 2016 10:30

Anglo American Platinum says growth in supplies of the metal will be limited this year as capital spending is constrained amid low prices.

Mining

AngloGold profit picks up on higher bullion, weaker currencies

Jul 22 2016 11:45

AngloGold Ashanti has returned to profit in the first half as it benefited from higher bullion prices and weaker currencies in the countries it operates in.

Mining

Kumba output drops on revised Sishen mine plan

Jul 20 2016 11:19

Kumba Iron Ore has announced a production drop of 15% to 8.9 million tonnes for the quarter to end-June, consistent with its revised Sishen mine plan.

Mining

Anglo American cuts full-year copper target

Jul 20 2016 09:24

Anglo American has cut its full-year copper-production target after bad weather hit its operations in Chile.

Inside Fin24.com

 
Mining

Mine firms file leave to appeal silicosis, TB ruling

Jul 15 2016 15:27

The six companies that are members of the Occupational Lung Disease Working Group want leave to appeal against a class action certification judgment.

Mining

Gupta-owned Oakbay faces JSE suspension

Jul 15 2016 12:57

Gupta-owned Oakbay Resources and Energy is under threat of being suspended from the JSE after it failed to find a new sponsor, it has been announced.

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