Africa

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.

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.

This is the $10 million-plus white diamond just found in South Africa

Cecilia Jamasmie | September 10, 2014
This is the $10 million-plus white diamond just found in South Africa

Analysts predict could fetch between $10 million to $16 million.

AngloGold Ashanti shares plummet on spin off announcement

Cecilia Jamasmie | September 10, 2014
AngloGold shares plummet on spin off announcement

The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.

Filipe Martins: African miners that can generate cash flow and dividends

The Mining Report | September 9, 2014
african barrick gold

Low all-in gold cash costs are a good thing, says London-based GMP Securities Analyst Filipe Martins, but they don't tell the whole story.

Business leaders call for greater global support against Ebola outbreak

Cecilia Jamasmie | September 8, 2014
Business leaders call for greater global support against Ebola outbreak

A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.

Goldcorp: We have hit PEAK gold

Frik Els | September 8, 2014
Goldcorp: We have hit PEAK gold

CEO Chuck Jeannes says barring a major technological breakthrough global gold production probably peaked in 2013.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

INFOGRAPHIC: A forecast of when the world's resources will run out

Cecilia Jamasmie | September 7, 2014
INFOGRAPHIC: Here is when the world's resources will run out

Here is one interpretation of how much is left on Earth.

$6m diamond goes missing during labour dispute

Frik Els | September 4, 2014
$6m diamond goes missing during strike

The Namibia Diamond Trading Co, a joint venture with De Beers, lays charge of theft of the 78-carat stone which could be worth up to $6 million.

Ivanhoe transfers 26% of S. Africa’s platinum project to locals

Cecilia Jamasmie | September 4, 2014
Ivanhoe transfer 26% of S. Africa’s platinum project to locals

It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.

About $50bn in mining investment expected in Guinea by 2025

Cecilia Jamasmie | September 4, 2014
About $50bn in mining investment expected in Guinea by 2025

But some of the nation's resources that are considered among the world’s largest, such as the Simandou iron ore deposit, face both financial and political challenges.

Frik Els

Glasenberg pooh-poohs Anglo takeover

Frik Els | September 3, 2014
Glasenberg pooh-poohs Anglo takeover

There's a history there of course. Just ask Mick Davis.

Tension building up in the global copper market

SNL Metals & Mining | September 3, 2014
copper coils mining

Tension has been a feature of the copper market since the middle of last year but, so far, the net result has generally been stalemate and prices have moved sideways.

Rare earth, other mining projects pile up in northern Europe

Cecilia Jamasmie | September 3, 2014
Rare earth, other mining projects pile up in northern Europe

Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.

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