State capitalism: Is it a rival to market capitalism?

Since the start of the current global economic crisis in 2008, there has been renewed interest in the concept of ‘State capitalism’, as distinct from ‘market capitalism’. (The term ‘liberal capitalism’ is shorthand for ‘liberal...

Is it a rival to market capitalism? And how does it affect the natural resources industries?

Since the start of the current global economic crisis in 2008, there has been renewed interest on the concept of “state capitalism” as distinct from “market capitalism”.

Forbes exports surge on strong Asian demand

TSX- and JSE-listed Forbes and Manhattan Coal on Monday reported a 179% year-on-year increase in export sales to 578 000 t for the year ended February 2012, compared with 207 200 t in the previous year. Export sales were mostly driven by demand...

Forbes Coal says export sales exceed domestic sales

TSX- and JSE-listed Forbes & Manhattan Coal Corporation’s (Forbes Coal’s) second-quarter revenue surged 80% to C$35.2-million on the back of strong growth in export sales, the South Africa-focused junior reported on Tuesday. Export sales for...

Forbes Coal inks offtake accord, boosts SA production

Forbes & Manhattan Coal, which owns two mines in South Africa, has signed a 1,75-million-ton offtake agreement with top-five coal marketer Vitol, it said on Wednesday. The TSX-listed miner said Vitol would pay market prices for the fuel, and that...

Global economic storm drives Leviev onto the rocks

The Uzbekistan-born Israeli billionaire who shook up the global diamond industry and seemed set to rival De Beers, Lev Leviev, is now trapped in a financial train smash that could threaten his diamond interests.


Mexican precious-metals-miner takes up domicile in London

THE globalisation of mining companies around the world continues apace. A recent and significant example was provided by the Mexican miner Fresnillo, which last month (May) raised £905-million ($1,77-billion) with its initial public offering...

Russia's Deripaska may surpass Alcoa in aluminium

Oleg Deripaska, a billionaire largely unknown outside of Russia, may soon become the most influential man in the aluminum industry.

Putin reportedly approves creation of world's biggest aluminium producer

President Vladimir Putin approved a planned merger of the nation's two aluminium companies, creating the world's largest producer of the metal by uniting the suppliers to the former Soviet Union. OAO Russian Aluminium requested government...

Coal may surpass oil as best performing energy investmernt

Coal, the hard, black byproduct of fossilized plants used as fuel since China's Western Han dynasty 2000 years ago, may overtake oil as the best performing energy investment.