Africa

London Mining shares collapse on funding fears

Cecilia Jamasmie | September 29, 2014
London Mining shares collapse on funding fears

The iron ore producer warned it did not have sufficient cash to operate Marampa, its only mine.

World Gold Council bullish on demand, ETFs role

Cecilia Jamasmie | September 26, 2014
World Gold Council bullish on demand, ETFs role in the market

Industry body sees demand rising as economic growth lifts consumers’ incomes.

BHP freezes executive pay

Frik Els | September 25, 2014
BHP Billiton cuts spending by 25%

CEO Andrew Mackenzie's pay package is already only half that of his predecessor.

Zambian chamber urges gov't to speed up tax refunds for miners

Cecilia Jamasmie | September 25, 2014
Zambian chamber urges gov't to speed up tax refunds for miners

The business group argues the sector must be nurtured to generate the revenues needed for the country’s economic diversification.

CHART: BHP before and after spin-off

Frik Els | September 25, 2014
CHART: BHP before and after spin-off

Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

BHP to go ahead with London-listing of demerged $15bn firm

Cecilia Jamasmie | September 24, 2014
BHP to go ahead with London-listing of demerged $15bn firm

New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.

Oilprice.com

All eyes on Kenya: the next big oil exporter

Oilprice.com | September 24, 2014

Not even the specter of a spillover of Islamic extremism from Somalia can dampen the atmosphere in Kenya, where commercial oil production is expected to begin in 2016 and discovery after discovery has made this the hottest and fastest-paced hydrocarbon scene on the continent.

Miner among Africa’s top 10 female business leaders

Cecilia Jamasmie | September 24, 2014
Miner among Africa’s top 10 female business leaders

Bridgette Radebe, chairwoman of Mmakau Mining and president of the South African Mining Development Association, is known for being one of Africa’s first black female mine owners.

Low metal prices put chill on global mineral exploration

Cecilia Jamasmie | September 24, 2014
Low metal prices put chill on global mineral exploration

Fresh data suggests it is still too early to celebrate a recovery in the sector.

Big show of support for Gold Fields

Option Monster | September 23, 2014

A large trade is betting that Gold Fields will hold firm for the next two months.

What will Ivan buy next? Take 2

Frik Els | September 18, 2014
What will Ivan buy next? Take 2

"All that's required is to hand the world’s best mining assets to the world’s best management."

Diamond market grows to record $79 billion

Frik Els | September 18, 2014
Diamond market grows to record $79 billion

But new report by De Beers cautions that declining production could see the industry lose ground to other categories.

First Quantum suspends Mauritania operations

Frik Els | September 18, 2014
First Quantum suspends Mauritania operations

Strike action closes Guelb Moghrein copper-gold mine which accounts for 10% of Vancouver company's copper output and a quarter of its gold production.

Iron ore rally turning into dead cat bounce

Frik Els | September 16, 2014
Iron ore rally turning into dead cat bounce

After 4% surge on Monday, benchmark prices resume slide.

Randgold says AngloGold stake in Kibali mine too pricey

Reuters | September 16, 2014
Huge miss at Randgold's Kibali

CEO Mark Bristow spoke in response to a suggestion from Investec analysts that Randgold buy AngloGold's 45-percent stake in the mine.

Frik Els

What will Ivan buy next?

Frik Els | September 15, 2014
What will Ivan buy next?

A GlenTinto is not as far-fetched as it sounds.

Anglogold drops spin-off, rights offer plans

Frik Els | September 15, 2014
Anglogold drops spin-off, rights offer plans

Investors unhappy with $2 billion equity raising convinces world number three producer to drop restructuring plans.

Iron ore price in stunning turnaround

Frik Els | September 15, 2014
Iron ore price in stunning turnaround

Up nearly 4% on Monday; rallying after weeks of intense selling.

Guinea said in talks on $14 billion bauxite mine forsaken by BHP

Bloomberg | September 13, 2014
Glencore said to be eyeing Simandou North

China’s Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton said a government official with knowledge of the matter.

Sibanye Gold in talks about possible South Africa job cuts

mineweb - daily news headlines | September 12, 2014
Top Chinese gold miner sets aside $1bn for African buys

Sibanye has started talks with unions and other stakeholders about possible job cuts at its Cooke 4 mine to boost profits and productivity.

South Africa’s mining output at lowest in over 18 months

Cecilia Jamasmie | September 11, 2014
South Africa’s mining output at lowest in over 18 months

Platinum and gold sectors among the worst performers due to labour strikes that cripple the industry early this year.

Ex-FBI boss hired by trust heading BSGR to run internal probe

Cecilia Jamasmie | September 11, 2014
Ex-FBI boss hired by trust heading BSGR to run internal probe

The internal probe is reportedly focused on claims that BSGR bribed Guinean officials to get lucrative rights over Simandou.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Iron ore price bears come out in force

Frik Els | September 10, 2014
Iron ore price bears come out in force

2014 is the "inflection point" and "until mines close it's a world of $70 prices of iron ore."

Term contract pricing in the diamond market- Paying for supply security

Natural Transactions | September 10, 2014

The essence of a term contract is that the price is being set in the spot market. Now this poses a question for price discovery mechanism – is the spot market an accurate reflection of the total market preferences?

Market design in the rough diamond market – seeing something new

Natural Transactions | September 10, 2014

The game of interaction between buyers and sellers of the diamond market is peculiar and inefficient.

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