BHP Billiton iron-ore pricing breakthrough, Vale reportedly ‘close' to quarterly deal

The world's iron-ore majors appear to be winning the battle for greater iron-ore pricing transparency. BHP Billiton CEO Marius Kloppers, who has been a vocal campaigner for shorter-term iron-ore pricing, has had a breakthrough in iron-ore sales...

Lonmin shares rise as worst seems over for platinum miner

The shares of Lonmin rose 7% in Johannesburg and London as the market perceived the worst to be over for the right-sizing platinum miner, whose promised actions were largely on track. "We announced 700 000 oz and produced 683 000 oz. We were a...

‘Provisional' iron-ore prices poised to become settlement prices – analysts

There may not be an iron-ore price settlement at all this year, and the "provisional" prices that are being charged by iron-ore producers may become the effective benchmark settlement prices, analysts tell Mining Weekly Online. Drama clouded this...

Central Rand Gold pours gold from CIL plant

London- and Johannesburg-listed junior Central Rand Gold has smelted and poured its first gold bar from the carbon-in-leach (CIL) concentrate treatment plant, at its Consolidated Main Reef tenement. The CIL plant, capable of treating 10 000 t/m...

Anglo-suitor Xstrata puts its best production foot forward

Anglo American-suitor Xstrata on Tuesday put its best production foot forward ahead of Anglo’s own presentation of financial results on Friday. The London- and Swiss-listed diversified miner, which wants Anglo to join it in a merger of equals...

Randgold selling 5m new shares, profit 45% up for quarter

South Africa-conceived and London-listed Randgold Resources said on Tuesday that it was commencing a global offering of five-million new ordinary shares and reported a 45% rise in profits for the quarter to June 30. The Randgold share-offer...

Xstrata’s H1 profits beat forecasts

London-listed miner Xstrata reported a smaller-than-expected drop in half-year profits yesterday and said rising commodity prices put it on course for a healthier 2004, despite some tough months ahead.

Anglo’s earnings beat forecasts

The world's third-biggest miner Anglo American unveiled a forecast-beating rise in half-year profits today, but said the outlook was challenging as the global environment was tough and the rand was strong.

Randgold denies making bid for Ashanti

Ghana said on Friday South African gold miner Randgold had made an offer for miner Ashanti Goldfields, but Randgold's chairperson said no bid had been made.

Kumba to be likely Anglo target

The world's second largest diversified miner, Anglo American, sold its stake in Anglovaal Mining (Avmin) on Friday for $231-million, narrowing its focus in a fight to dominate South Africa's iron-ore fields.

Weak coal price seen hurting Xstrata

Weak coal prices are set to take a toll on London-listed metals and mining group Xstrata’s full-year results, its first since a transforming deal last year to buy most of commodities group Glencore's coal operations.

Japan considers coal tax in greenhouse push

Japan, one of the world's biggest coal importers, is considering a coal tax to encourage the use of cleaner fuels like natural gas, sending a shudder through the shares of the world's biggest producers.