Zimbabwe needs up to $1bn cash to compensate Implats fairly

The government of Zimbabwe will need between $500-million and $1-billion in hard cash to honour its commitment of paying South Africa’s Implats fair value for control of Zimplats, Mining Weekly Online can today report. Treaty protection under...

Lonmin will continue to spend growth capital, manage market volatility

Platinum major Lonmin will continue to spend growth capital and to manage reasonable market volatility. The ability to continue to develop growth capacity has been assisted by longer-term $945-million facilities that have strengthened the balance...

De Beers-quitting Oppenheimers go on with Oppenheimer & Son

The big names of De Beers and Anglo American have hogged the limelight. But perhaps questions should have been asked about E Oppenheimer & Son. If they had been, perhaps the exit of the Oppenheimer family from De Beers and its nigh-exit from...

Oppenheimers shed De Beers but continue with age-old E Oppenheimer & Son

The big names of De Beers and Anglo American have hogged the limelight. But perhaps questions should have been asked about E Oppenheimer & Son. If they had been, perhaps the exit of the Oppenheimer family from De Beers and its nigh-exit from...

Anglo will be first to ‘step up to Eskom coal plate’, planning $4,8bn SA capex

Mining titan Anglo American would be “the first to step up to the plate” to help South African power generator Eskom with its coal needs, Anglo American CEO Cynthia Carroll told Mining Weekly Online on Friday. The diversified miner also had...

Power uncertainty causing ferrochrome project standstill as demand lifts – Merafe

Ferrochrome producers are very bullish on future demand, but electricity uncertainty has caused the project pause button to be pushed. Although researchers indicate the possibility of “seriously high” demand, that extremely positive outlook...

Power uncertainty causing ferrochrome project standstill as demand lifts – Merafe

Ferrochrome producers are very bullish on future demand, but electricity uncertainty has caused the project pause button to be pushed. Although researchers indicate the possibility of “seriously high” demand, that extremely positive outlook...

$1,5bn bank facility sufficient – De Beers

The world’s largest diamond-miner De Beers said at the weekend that it had been in discussion with banks to renew its $1,5-billion loan facility and did not anticipate a need to arrange further funding. De Beers said that its net cash position...

Mining group hurt by weak commodity prices

The world's largest diversified miner, BHP Billiton, posted a six percent fall in first quarter profit today, hurt by weak commodity prices, and warned of a still difficult market.