Anglo gaining ground in Codelco battle

With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...

Company Announcement:AIOG and SOGUIPAMI form JV for 51% ownership of Simandou South Infrastructure Company SPV Simfer

Conakry, Geneva and London: African Iron Ore Group Limited and Société Guinéenne du Patrimoine Minier, the Government of the Republic of Guinea’s investment vehicle, are pleased to announce their agreement to form a joint venture company,...

Chile Codelco CEO Hernandez to resign, CFO to step in

Chile's state copper giant Codelco said on Thursday CEO Diego Hernandez was resigning and would be replaced by CFO Thomas Keller, just as the world's No. 1 copper producer is striving to end a bitter contract dispute with global miner Anglo...

$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

PTT's $1.9bn bid for Cove trumps Shell

Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer Cove Energy by offering 1.220billion pounds ($1.9-billion), highlighting international interest in East African gas finds. Cove...

Ncondezi restructures top management

London-listed Ncondezi Coal has started restructuring its senior management team with the appointment of a new CEO from June 1. Current COO Nigel Walls would replace CEO Graham Mascall, who stepped down to become a nonexecutive director in the...

Glencore takes control of Mutanda with $480m deal

Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480-million, marking the first step in a planned merger of the mine with its nearby Kansuki concession. Mutanda, in...

Anglo, Codelco restart talks to end Chile row

Anglo American and Chilean copper giant Codelco have agreed to go back to the negotiating table in an effort to end a damaging and increasingly acrimonious row over the global miner's copper operations in the country's south. The miners, which...

Glencore hopes for FTSE fillip to aid Xstrata deal

Glencore's bruised stock could get a boost after a lock-up on a large slice of employees' shares expires, in a welcome lift for the commodities trader as its $30-billion bid for miner Xstrata nears the final stages. The release on Thursday of...

West Africa emerging as the new Pilbara – West African Minerals

West Africa is emerging as the next significant iron-ore province after Australia’s rich Pilbara and is attracting the attention of global majors and the Chinese, says the London-Aim-listed West African Minerals. Major diversified miners are...

Anglo American to open London, Singapore sales hubs

Global miner Anglo American is opening a new commercial hub in Singapore on July 1 and also in London, a move that reflects the shift in the company's sales focus to Asia. Tom Bell, who has been with Anglo's London-based thermal coal marketing...

India, China, Taiwan lead SA April coal imports

Asia absorbed most of South Africa's 5.2-million tons of coal exports in April, led by India, China and Taiwan, exporters said. Almost all of South Africa's thermal coal is exported from the private Richards Bay Coal Terminal (RBCT) in Kwazulu...