Two-thirds of SA's platinum sector risks running losses – RBC

Barring a big uptick in platinum-group metal prices or better production performance from miners, a 10% rise in costs could leave over two-thirds of the sector operating in the red, RBC Capital Markets analyst Leon Esterhuizen said on Wednesday....

Anglo chided for being too South African, Carroll puts up strong defence

Anglo American CEO Cynthia Carroll put up a spirited defence of South Africa in the face of pointed queries from mining analysts, following Anglo’s strong 45% increase in core operating profit to $5.9-billion in the six months to June 30. Bank...

Anglo chided for being too South African, Carroll puts up strong defence

Anglo American CEO Cynthia Carroll put up a spirited defence of South Africa in the face of pointed queries from mining analysts, following Anglo’s strong 45% increase in core operating profit to $5.9-billion in the six months to June 30.

AngloGold urges quick silicosis redress, lawyer says less dust will cut incidence, RBC eases $100bn implied-damage sum

South Africa’s largest gold miner is urging quick action on a compensation structure for silicosis sufferers; a lawyer says that the cutting of dust levels to 0,1mg/mm2 will reduce the rising silicosis problem;and analysts have backtracked on...

AngloGold urges quick action on silicosis compensation

South Africa’s largest gold miner is urging quick action on a compensation structure for silicosis sufferers. AngloGold Ashanti CEO Mark Cutifani tells Mining Weekly Online in a video interview that he would like to see the industry arriving at...

South African mining facing implied $100bn silicosis damage – RBC

The South African mining industry is facing “a very serious” threat from silicosis claims that could result in implied damage of $100-billion, says RBC Capital Markets equity research unit. RBC analyst Leon Esterhuizen and associate analysts...

State’s player/ref role makes independent mining regulation essential – Leon

The participation of the State as both player and referee in South Africa's mining sector makes the creation of an independent mining regulation body essential, says top regulatory lawyer Peter Leon. Leon, partner and cohead of mining at law firm...

SA power outlook puts question mark over PGMs expansions – RBC

The tight power supply outlook in South Africa could result in constrained production from platinum-group metals (PGMs) mines, according to RBC Capital Markets analyst Leon Esterhuizen. South Africa is the top producer of PGMs and produces...

Should Gold Fields look at splitting SA, foreign assets?

Gold Fields, the world’s fourth biggest producer, merges with a Canadian miner and spins off its South African mines as part of the deal. That was the plan in 2004, until shareholders vetoed the reverse takeover of TSX-listed Iamgold. With...

Anglo Platinum's 2009 earnings to take a knock

South Africa’s Anglo Platinum (Angloplat), the world’s largest producer of the precious metal, expects to report significantly lower full-year earnings when it releases its 2009 results early next month. The company warned shareholders on...

Will the New Year ring in a deluge of deals?

'Rollercoaster’ is a word that gets thrown around a lot these days, although it still has a long way to go before joining the well-worn ranks of the ubiquitous ‘green shoots’. Still, as mining executives reflect on their experiences in...

Will the New Year ring in a deluge of deals?

‘Rollercoaster’ is a word that gets thrown around a lot these days, although it still has a long way to go before joining the well-worn ranks of the ubiquitous ‘green shoots’. Still, as mining executives reflect on their experiences in...