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Gloves are off for the global mining industry

Miners

JOHANNESBURG, South-Africa, June 4, 2015/ — 2014 was expected to be a tough fight for the global mining industry with commodity prices down and short-term volatility increasing. The initial scorecard for the largest 40 miners was mixed and now the gloves are off for the industry with widespread government intervention, internal industry conflicts and rising shareholder activism, according to PwC’s annual Mine report released today [Read more…]

Golden Aspirations for Zimbabwe

gold hands

Zim aims to be among top five gold producers in Africa
Harare – Zimbabwe is aiming to become one of the top five gold producing countries in Africa within the next three years, says Finance and Economic Development Minister Patrick Chinamasa. [Read more…]

Amplats commits to consultations

Amplats accepts consultations

Amplats accepts consultations

Pretoria – Chris Griffiths, Amplats Chief Executive Officer, has assured the North West Provincial Government delegation, led by Premier Thandi Modise, that the mine will intensify its consultation processes before it implements its business review proposals. [Read more…]

Rio Tinto Extends Offer

Rio Tinto

Rio Tinto

Rio Tinto has extended its offer, made through an indirect wholly-owned subsidiary, to acquire all the common shares of Hathor for C$4.70 in cash per common share until 5:00 pm (Toronto time) on 22 December 2011. The offer has been extended to allow the remaining Hathor shareholders sufficient time to tender their common shares to Rio Tinto’s offer. [Read more…]