Kumba Iron Ore reverses Sishen mine-linked impairment charge
The unit of Anglo American said reversal, net of tax and non-controlling interest, was 2.6 billion rand and would be included in its basic earnings.
Latest Stories
BMW mining deals imminent as cobalt price powers on – report
"The aim is to secure the supply all the way down to the level of the mine, for 10 years."
Embattled Avocet completes sale of Burkina Faso assets
The three-times delayed $5 million-deal should help the miner dodge bankruptcy for its units in the West African country.
Cameco’s profit beat estimates on improved uranium prices, cost-cutting drive
Canada’s top uranium producer is seeing the first improvements brought by higher prices and drastic cost-cutting measures, including the recent haly of its flagship McArthur River mine in northern Saskatchewan.
Endeavour in talks to avert Ivory Coast protests over gold production plans
Company has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4% this year.
De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go
Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.
Gold price: Value of ETF bullion tops $100 billion for first time in 5 years
New report shows money continues to pour into gold-backed exchange traded funds with North American investors responsible for 75% of January inflows.
Former millwright suing Copper Mountain for wrongful dismissal
Gordon MacMillan filed a notice of civil claim, claiming “harassment and bullying permeated all levels of the defendant’s organizational structure.”
Political shifts lift investor mood in southern African mining
Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.
