Anglogold drops spin-off, rights offer plans
Investors unhappy with $2 billion equity raising convinces world number three producer to drop restructuring plans.
Latest Stories
Iron ore price in stunning turnaround
Up nearly 4% on Monday; rallying after weeks of intense selling.
African Barrick to drop parent’s name in ‘rebranding’
African Barrick Gold majority owned by Barrick Gold said it will drop its parent’s name when it unveils a new corporate identity in November.
$8bn mining private equity needs to be spent. And soon
Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.
Pain for gold, silver price as hedge fund slash bullish bets
With gold near 2014 lows and silver not far off levels last seen in 2010, speculators are positioning themselves for another week of falls.
Guinea said in talks on $14 billion bauxite mine forsaken by BHP
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.
Seaborne iron ore market rallies as some buying returns
The seaborne iron ore market finally gained Friday after a steady period of weakening, tracking a small flow of buying interest ahead of Chinese holidays and a slight boost in steel prices.
China’s war on pollution is finally moving coal prices
The latest restrictions on production, consumption and imports could drive prices 10% higher by the end of the year.
Sibanye Gold in talks about possible South Africa job cuts
Sibanye has started talks with unions and other stakeholders about possible job cuts at its Cooke 4 mine to boost profits and productivity.
