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Anglo to record noncash impairment charges in price plunge parry

By: Martin Creamer     Updated 2 hours 33 minutes ago Given the sharply lower commodity price environment, particularly for bulk commodities, Anglo American said on Wednesday that it expected to record noncash impairment charges in its 2014 results. The London- and Johannesburg-listed diversified major, headed by CEO Mark Cutifani, added in a media... 

Anglo to record noncash impairment charges in price plunge parry
Mark Cutifani

Amplats’ Q4 production rises 14% to 594 000 oz

By: Megan van Wyngaardt     Updated 2 hours 39 minutes ago JSE-listed Anglo American Platinum (Amplats) delivered 594 000 oz of equivalent refined platinum in the quarter ended December 31. This was 14% higher than the 520 000 oz produced in the fourth quarter of the prior year, when 44 000 oz of production was lost owing to a strike by employees. 

Amplats’ Q4 production rises 14% to 594 000 oz

$12m MoU to boost Paragon’s Lemphane project

By: Megan van Wyngaardt     Updated 2 hours 58 minutes ago To fund Stage 1 of its Lemphane Kimberlite pipe project, Aim-listed Paragon Diamonds has signed a memorandum of understanding (MoU) for a $12-million equity and debt financing package with investment group International Triangle General Trading (ITGT). The project, which is located in Lesotho... 

$12m MoU to boost Paragon’s Lemphane project

SCCL seeks to spread mining operations to eastern and central India

By: Ajoy K Das     Updated 3 hours ago India’s Singareni Collieries Company Limited (SCCL) would spread its wings beyond its operational home base in southern India to eastern and central regions to achieve its production target of 80-million tonnes a year by 2020. The geographical expansion would include expanding its mining... 

Goa mining ban lifted but operations remain unattractive

By: Ajoy K Das     Updated 3 hours ago The ban on iron-ore mining in the western Indian province of Goa might have been lifted but the resumption of mining operations to any significant volume was unlikely in the current environment of falling prices and the Indian government’s refusal to lower export taxes. According to an official... 

NSW faces gas price shock, not a gas shortage – researcher

By: Esmarie Swanepoel     Updated 3 hours ago Research conducted by the University of Melbourne, on behalf of The Australia Institute (TAI), has stated that gas demand in New South Wales could halve within the next decade, countermanding warnings from the industry that a gas shortage was imminent. The Australian Petroleum Producers and... 

Victoria maintains CSG ban while Parliamentary enquiry runs

By: Esmarie Swanepoel     Updated 3 hours ago The Australian Petroleum Production and Exploration Association (Appea) on Wednesday railed against the Victorian state government’s decision to maintain a moratorium on coal seam gas (CSG) exploration in the state, until a Parliamentary inquiry into the matter was concluded. In May last year,... 

Oz Minerals to downsize, relocate head office as it starts strategic review

By: Esmarie Swanepoel     Updated 4 hours ago The new MD and CEO of ASX-listed Oz Minerals on Wednesday announced a strategic review of the company’s operations, taking into account all aspects of the company, including costs and future opportunities. Andrew Cole told shareholders that the company needed to reshape itself to meet the... 

Oz Minerals to downsize, relocate head office as it starts strategic review

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Pt 1265.00 $/ozChange: -1.00