January 1, 1970

Kumba to cut jobs, downsize flagship mine

Kumba Iron Ore has said it would scale back operations, cut costs and planned to reduce jobs at its Sishen mine, sending its shares 5% higher. […]
January 1, 1970

Harmony seeks acquisitions, debt repayments as profits surge

Harmony Gold Mining is seeking to make acquisitions and repay debt after a plunge in the South African rand caused its profit margins to increase in […]
January 1, 1970

Lonmin will not shy away from merger or takeover: CEO

Platinum producer Lonmin will not “shy away” from any merger or takeover but for now the company is focused on its plan to survive tough market […]
January 1, 1970

Glencore's Glasenberg wins lenders over

Glencore’s CEO has won a vote of confidence from lenders that he can steer the mining company through a dismal market and restore it to financial […]