Qatar adds to Xstrata stake - Financial Times

Qatar's sovereign wealth fund plans to increase its stake in Xstrata Plc to at least 10%, the Financial Times said on Thursday. Qatar is expected to continue building its stake, currently at 8.5%, to 10% and could go higher, people familiar with...

Viterra opens up for bidding war, shares jump

Canada's largest grain handler, Viterra, said on Thursday it has opened its books to potential buyers, setting the stage for a possible bidding war and sending its shares 10 percent higher. Viterra said it has established a process for...

Diamond miner Koidu eyes listing, to quadruple output

Sierra Leonean diamond miner Koidu Holdings is studying a possible flotation and aims to reach a previously stated target of quadrupling its output to 45 000 carats a month in July. "There is significant benefit in having access to capital...

Financial analyst to speak at Mining Indaba

Financial institution Credit Suisse commodities research VP Tom Kendall will focus on the outlook for the global gold sector during his presentation at the commodities review and outlook forum at the Investing in African Mining Indaba 2012.

SA coal industry to grow amid uncertainties, says McCloskey

International coal markets specialist McCloskey Group chairperson and founder Gerard McCloskey, who will be speaking at the Commodities Review at this year’s Investing in African Mining Indaba, in Cape Town, believes that South Africa’s coal...

Canada could create 'thousands' of diamond manufacturing jobs

Canada has the potential to create “thousands” of direct and indirect diamond cutting and polishing jobs as new mines come into production in the country over the next decade, Diamond Bourse of Canada GM Adam Shubinsky said in a recent...

Cynthia Carroll fighting the good fight, Diego Hernandez out of line

The State-owned Chilean copper miner Codelco, which is forcing an unfair transaction on Anglo American, has been caught red handed. Anglo’s sale of 24.5% of Anglo American Sur SA to Mitsubishi values 100% of Anglo’s Chilean assets at...

Cliffs CEO keeping his cool as iron-ore prices tumble

After iron-ore spot prices capitulated by nearly 20% this week to their lowest levels since more than a year ago, US producer Cliffs Natural Resources said on Friday it didn’t expect any further big declines. Speaking on the company’s...

Ivanhoe urges Mongolia to stick to Oyu Tolgoi accord

Ivanhoe Mines on Monday on Monday sought to assert its rights at the Oyu Tolgoi project in Mongolia, in the midst of reports the government wanted to renegotiate a 2009 contract to lift the State’s ownership of the mine sooner than previously...

Vale now active in Southern, Central and West Africa

In June, Brazilian diversified mining major Vale, the world’s second-biggest mining company by market capitalisation, reaffirmed that it is set to make major investments in Africa by 2016. “Our current investment proposal in Africa is to...

Brazilian major now active in Southern, Central and West Africa

In June, Brazilian diversified mining major Vale, the world’s second biggest mining company by market capitalisation, reaffirmed that it is set to make major investments in Africa by 2016.

Peter Leon

Position: Partner Webber Wentzel and co-head of the mining, energy and natural resources practice group; co-chair International Bar Association (IBA) mining law committee Main activity of the company: Law firm Date and place of birth: Johannesburg...