Fear not the 'Glenstrata' giant, say coal customers

Big coal buyers should not fear the merger of miner Xstrata and trader Glencore into a dominant trading force, say customers who already rely on the two for supplies of coking coal for steel and thermal for power generation. They say the tie-up,...

Iron-ore oversupply threat decreased

The threat of an iron-ore oversupply around 2015 has diminished, says mining consultants Raw Materials Group (RMG) acting CEO and cofounder Magnus Ericsson.

Multiple projects progressing on schedule

Metallurgical and chemical solutions provider Outotec is progressing on schedule with the €119-million design and delivery of a new manganese sinter plant, the largest in the world, for the Kalagadi Manganese project, near Hotazel, in the...

India eyeing Africa's resources but recognising development needs

India, today, in purchasing power parity terms, is the fourth-largest economy in the world, with a gross domestic product (GDP) of just over $4-trillion. (In terms of the official exchange rate, India’s GDP is $1,43- trillion.) This is the...

India seeks natural resources in Africa but recognises continent’s development needs

India, today, is in purchasing power parity terms, the fourth largest economy in the world, with a gross domestic product (GDP) of just over $4-trillion.

Buoyant Indaba reflects confidence in mining sector

Heralded by its organisers as their largest conference since its inception, the 2011 Mining Indaba was different from previous gatherings for a number of reasons, says audit, tax and advisory services firm KPMG head of markets for energy and...

Moly Mines sees progress at Spinifex Ridge

TSX- and ASX-listed Moly Mines has now started iron-ore mining at its Spinifex Ridge project in Western Australia, and expects to send the first shipment in mid-December, the firm said on Wednesday. The company is mining at an annualised rate of...

Registration for royalties payment 
gets under way

This week marks the start of the registration period for the National Treasury’s long-awaited Mineral and Petroleum Resources Royalty Act, which had its implementation deferred to March 2010 earlier this year.

Deferred royalties law will have far-reaching implication – KPMG

Although deferred for implementation to March 2010 by the National Treasury, the Mineral and Petroleum Resources Royalty Act (2008) will have far-reaching implications for the mining sector, states international auditing, tax and advisory firm...

Anglo ducks Trahar’s attack on Carroll, analyst says Anglo no longer ‘blue chip’

The London office of diversified miner Anglo American on Thursday declined to comment on former Anglo CEO Tony Trahar’s vilification of current CEO Cynthia Carroll, over her passing of the final 2008 dividend – but an analyst charged that...

Gold Reserve seeks injunction against Rusoro offer

TSX- and Amex-listed Gold Reserve has filed an action in the Ontario Superior Court against Rusoro Mining and its financial adviser Endeavour Financial, seeking an injunction restraining both firms from going ahead with an unsolicited offer for...

Lonmin, IFC provide $150m in push to realise big 'San Francisco' ambition

Canadian Chris Thompson's stint as Gold Fields CEO left South Africa a legacy of "golden" roses - long-stemmed, big-headed export-quality flowers, grown with the help of water from the mines he once managed, and aimed at sustaining the local...