Cameco not likely done with M&A yet, analysts say

Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...

Carbon tax will snag beneficiation plans, says Exxaro CEO

The possible introduction of carbon tax on top of rising electricity tariffs, higher labour costs and statutory social obligations could stop mineral beneficiation from taking place in South Africa, says Exxaro CEO Sipho Nkosi. In the last two...

Rio will help China grow resource assets - Albanese

Diversified giant Rio Tinto's CEO Tom Albanese on Monday said that the company remained committed to strengthening its relationship with China. Speaking at the China Development Forum, Albanese said that China was currently the company’s...

Flurry of analyst support for Exxaro’s downstream coal surge

Mining analysts normally balk at miners going downstream into areas beyond their core competency. In the main, they want miners to stick to mining and to keep things simple. But even Doubting Thomas mining analysts were turned into enthusiastic...

Exxaro takes coal business into high-margin downstream arena

The JSE-listed diversified mining company Exxaro on Thursday took its coal business downstream in a move that has the potential to match the current earnings of its flagship Grootegeluk coal mine in the next five years. In opening its...