MANGANESE Mining News

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

South32 looking for assets despite $1.75bn loss, massive layoffs

Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.

South32 in talks with Anglo American to buy manganese unit

The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.

Indonesia to ease mineral export ban from 2017

The measure is part of a wider revision of the 2009 mining law that led to Indonesia's export edicts and other regulations.

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

More than 400 jobs to go at South32 manganese mine in South Africa

The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.

South32 extends South Africa mine closure

South32's manganese mines in South Africa are unlikely to restart operations until January, when a major review is expected to be completed.

Eric Coffin: Base metals or precious metals

With the Yuan devaluation, interest rate hikes, and stock market volatility, Eric Coffin explores what commodities merit your investment dollars.

South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

South32 mulls writing down stake in South African manganese venture

It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.

Chile regulator seeks sanctions against Lundin’s Candelaria mine

Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.

'Skinny' South32 disappoints on debut

Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.

How to position your portfolio for the coming gold upturn: Alphatox's Etienne Moshevich

In this interview with The Gold Report, Moshevich discusses 11 gold, manganese and graphite companies with management teams that have the skills to ride the wave to create shareholder value.

New low in oil prices drags BHP Billiton stock below 2009 levels

The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.

BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

Nickel close to month-high as Indonesia keeps ore ban

The country effectively halted all but processed metal shipments in January in an effort to force miners to build smelters.

BHP closer to unveiling details of upcoming spin-off

The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.

Freeport-McMoRan's profit down 32% amid lower copper, gold prices

The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.

BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

Blockade lifted at Freeport Grasberg mine in Indonesia

Operations, however, won’t resume until at least Oct. 7.

Operations at Freeport Grasberg copper mine remain blocked

Protesters are demanding management to review safety conditions following a fatal accident on Sept. 27.

Newmont ships first copper from Indonesia in eight months

30,000 tonnes of copper concentrate were sent out Monday.

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.

Newmont abandons mining arbitration case against Indonesia

Operations at the miner's Batu Hijau copper and gold mine to resume soon.

Demerged BHP may not hold on to coal assets for long: analysts

The division contributed just $746 million of the $21.12 billion earnings BHP reported for the 2013 financial year.