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Mining

Anglo says SA reorganisation adds sale flexibility

Mar 21 2017 18:11

Anglo American Plc said its decision to split some SA assets into a different subsidiary gives it the “flexibility” to dispose of its iron ore and export thermal coal assets should it decide to do so.

Mining

Dangote cement faces disruptions in Ethiopia

Mar 20 2017 18:32

Ethiopian regional officials are demanding foreign cement producers including Dangote hand control of some parts of their businesses to groups of unemployed youths.

Mining

Mining's biggest loser Lonmin is burning cash to stay alive

Mar 17 2017 14:14

Investors are losing confidence in Lonmin as it burns through cash to stay afloat, just 15 months after raising about $400m from shareholders.

Mining

Indian billionaire to buy R32bn Anglo American stake

Mar 16 2017 07:21

Anil Agarwal, an Indian mining billionaire, plans to buy as much as £2bn (R31.51bn) of Anglo American shares in the market after a merger proposal failed last year.

Mining

Insider trading rocks SA coal mine

Mar 15 2017 19:33

Coal of Africa chief operations officer has been fined R350 000 for insider trading that took place even after he was instructed not to trade shares.

Mining

Oakbay Resources CEO quits 2 weeks before Gordhan court stand-off

Mar 15 2017 14:17

Oakbay Resources CEO Jacques Roux has resigned, two weeks before the Gupta-owned company is set to face off against Finance Minister Pravin Gordhan in court.

Mining

Anglo coal-bid win could draw Phembani, Masimong listing

Mar 15 2017 11:23

The two main bidders for Anglo American’s coal mines plan to list their companies if they are successful in buying the operations.

Mining

Coal drags but mining production still on the up

Mar 14 2017 15:03

January mining production statistics show an improvement of 1.3% compared to the previous year.

Inside Fin24.com

 
Mining

ANC says laws trump courts in SA mine ownership fight

Mar 10 2017 10:28

The ANC says mining firms should seek agreement with government over ownership rules rather than challenging them regarding wealth distribution to the black majority population.

Mining

Secret of the Kibali mine: Flying people in and gold bars out

Mar 06 2017 09:00

With Kibali nearing full production and no new discoveries since 2011, Randgold needs to find guaranteed output growth to impress investors wary of the shrinking pool of deposits.

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