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Mining

Rio gives away stake with $51bn reserves

Jun 30 2016 10:00

Rio Tinto Group has given away its stake in the company that owns an abandoned mine in Papua New Guinea with potential copper and gold reserves worth $51bn.

Mining

Biggest diamond in over 100 years fails to sell at auction

Jun 30 2016 07:13

The highest bid of R904 million didn’t clear the so-called “reserve price” at a Sotheby’s auction, after the 1 109-carat diamond called Lesedi aimed for a R1.27bn selling price.

Mining

Exxaro coal assets on the line over diving prices

Jun 29 2016 09:05

Exxaro Resources could sell or close some of its coal assets as part of a strategic review to cope with a slump in commodity prices, says financial director Wim de Klerk.

Mining

Exxaro seeks funding from Eskom for Matla Coal

Jun 28 2016 14:12

Exxaro Resources is in talks with Eskom to obtain more funds to develop its Matla coal mine after the utility changed the model it uses to obtain the fuel for its plants.

Mining

Moody's sees Brexit boost for SA gold counters

Jun 27 2016 11:22

Moody’s says the depreciation of commodity currencies like the rand and the Australian dollar is credit positive for gold miners AngloGold Ashanti and Gold Fields.

Mining

Investor-friendly policies will grow SA firms in Zim - experts

Jun 24 2016 16:20

Zimbabwe’s export sector could benefit significantly from investor-friendly policies and resultant ramp-ups in mining and agricultural production, say experts.

Mining

Rio's revamp hints at potential $9bn BHP-style spinoff

Jun 22 2016 11:31

Rio Tinto Group is seemingly putting about $9bn of unwanted assets from coal and uranium to Canadian iron ore into a single basket ready to spin off.

Mining

BHP flags 'another 10yrs' as iron ore adjusts after boom

Jun 21 2016 12:27

The iron ore market will take longer to balance out than other commodities as excess supply may take years to be absorbed after a boom, according to BHP Billiton.

Inside Fin24.com

 
Mining

Amplats sees profit falling on platinum drop, tax adjustment

Jun 21 2016 11:44

Anglo American Platinum has said first-half profit will probably be at least 20% lower after a tax gain boosted earnings in the previous year.

Mining

Platinum output not keeping up with cost hikes, say miners

Jun 16 2016 10:36

Depressed metal prices and continued above-inflation increases in labour and other input costs present a major challenge to the industry, say platinum miners.

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