January 1, 1970

Anglo shares tumble after it suspends dividends

Anglo American has dropped to a new record low after scrapping its dividend for the first time since 2009 and pledging deeper spending cuts. Source: News
January 1, 1970

Eskom must pay for Arnot shutdown – Exxaro

Exxaro says it will initiate “appropriate activities” following Eskom’s decision to allow the termination of a Coal Supply Agreement at its Mpumalanga coal mine. Source: News
January 1, 1970

De Beers ends 127-yr control of Kimberley Mines

Petra Diamonds and a partner have agreed to buy De Beers’ Kimberley Mines, ending the producer’s 127-year control of the operation. Source: News
January 1, 1970

Randgold CEO warns bankers about unprofitable gold

“The more we continue to produce unprofitable gold, the more pressure we put on the gold price,” says Randgold CEO Mark Bristow. Source: News