South Africa Mines Minister To Meet Platinum CEOs On Safety
14th Jul 2010 17:59
By Robb M. Stewart Of DOW JONES NEWSWIRES JOHANNESBURG (Dow Jones)--South Africa's mineral resources minister said Wednesday she will meet with the chief executives of platinum producers to discuss mine health and safety in light of an accident last week in which five workers were killed by
Read moreMARKET TALK: UBS Cuts Anglo American Price Target
14th Jul 2010 09:31
0831 GMT [Dow Jones] UBS cuts Anglo American (AAL.LN) target to 3050p from 3150p as it lowers its estimates for '10 to incorporated actual commodity prices for 2Q '10. Says this has a negative impact on earnings for 1H'10. Cuts '10 EPS estimate by 8% to 403 cents and '11 EPS estimate by 2% to 585 ce
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 09:31
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0831 GMT [Dow Jones] UBS cuts Anglo American (AAL.LN) target to 3050p from 3150p as it lowers its estimates for '10 to incorp
Read moreUPDATE: Anglo Platinum Sees 1H Earnings Lift From Metal Price
13th Jul 2010 11:28
By Robb M. Stewart Of DOW JONES NEWSWIRES JOHANNESBURG (Dow Jones)--Anglo Platinum Ltd. (AMS.JO), the world's largest producer of the metal, said Tuesday that stronger platinum prices are forecast to have pushed its half-year earnings up by as much as 15%. The Johannesburg-based company,
Read moreRichards Bay Coal Workers Strike, But Operations Unaffected
12th Jul 2010 13:58
By Robb M. Stewart Of DOW JONES NEWSWIRES JOHANNESBURG (Dow Jones)--Workers at the Richards Bay Coal Terminal on South Africa's east coast went on strike Monday after rejecting a pay offer, but the company that operates the terminal said operations haven't been affected. RBCT, one of the
Read moreChile Codelco Says No Damage From 6.2-Magnitude Quake
12th Jul 2010 02:21
(Updates with comments from other copper miners in northern Chile SANTIAGO (Dow Jones)--State copper giant Corporacion Nacional de Cobre's mines in northern Chile didn't suffer any damages following a strong earthquake Sunday night, a company official said. The quake, with a magnitude of 6.
Read more2nd UPDATE: Vallar's London Flotation Exceeds Views -Rothschild
9th Jul 2010 21:22
(Adds further comment from Rothschild) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The London-listed flotation of Vallar PLC, a mining investment vehicle set up by a team of veteran mining executives and investors, has exceeded expectations, the investment vehicle's co-l
Read moreLondon close: Footsie rises again after strong week
9th Jul 2010 17:07
Footsie finished a very good week on the up again, helped by gains for the miners, life groups and Smith & Nephew. Antofagasta was the stand-out stock in the mining sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buying Anglo American ahead of an expected adv
Read moreLondon afternoon: Footsie condolidates gains
9th Jul 2010 14:39
Shares edged a little bit higher over the lunch time session with little sign yet of investors looking to bank the week's gains. Mining stocks are leading the advance. Antofagasta is the stand-out stock in the sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buy
Read moreDe Beers Namibia Arm To Meet Union In Bid To Head Off Strike
9th Jul 2010 10:08
By Robb M. Stewart Of DOW JONES NEWSWIRES JOHANNESBURG (Dow Jones)--Managers from Namibia's Namdeb Diamond Corp. are set to meet with union leaders Friday in a bid to head off a pay strike set to begin from Monday, the diamond producer's brand manager said. Pauline Thomas in a telephone
Read moreKumba Expects 1H Earnings Boosted By Higher Prices, Sales
9th Jul 2010 09:32
JOHANNESBURG (Dow Jones)--Kumba Iron Ore Ltd. (KIO.JO), South Africa's largest producer of the steel-making ingredient, said Friday an increase in export ore prices has helped boost its half-year earnings by as much as 92%. The company, almost 63% owned by U.K.-based mining concern Anglo America
Read moreAustralian Rail Track Corp Joins Bid For Queensland Rail Coal Network
9th Jul 2010 01:28
MELBOURNE (Dow Jones)--The Australian government's national rail track operator Australian Rail Track Corp. said late Thursday that it will join the consortium of miners who have lodged a A$4.85 billion bid for Queensland Rail's coal track network. In a statement, ARTC said it will become a part
Read more2nd UPDATE: AngloGold Mineworker Killed In Mudrush In S Africa
8th Jul 2010 15:47
(Adds detail, government and union comment.) By Robb M. Stewart Of DOW JONES NEWSWIRES JOHANNESBURG (Dow Jones)--A mineworker has been killed in an underground mudrush at one of AngloGold Ashanti Ltd.'s (AU) gold mines in South Africa, adding to the number of deaths in the country's mini
Read moreAnglo's Brazil Minas Rio Mine Start-Up Delayed To 2013-Source
7th Jul 2010 17:53
By Diana Kinch Of DOW JONES NEWSWIRES RIO DE JANEIRO (Dow Jones)--International mining giant Anglo American PLC (AAUKY, AAL.LN) faces fresh start-up delays at its huge Minas Rio iron ore project in Brazil due to land-tenure issues, a person involved with the investment said. Start-up of
Read moreAveng Finance Director Quits For Platinum Company
7th Jul 2010 16:00
JOHANNESBURG (Dow Jones)--South African construction company Aveng Ltd. (AEG.JO) said Wednesday its finance director has resigned to pursue an opportunity at an unnamed "significant" listed platinum producer. Simon Scott will step down from the position and Aveng's board Sept. 26, the company sa
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