January 1, 1970

Lonmin’s crucial $400m rights issue

Lonmin’s discounted $400m rights issue was under subscribed, with only about 71% of the shares on offer taken up, showing that investors are losing faith in […]
January 1, 1970

De Beers: Kimberley Mines sale won't result in lay-offs

De Beers Consolidated Mines has held numerous meetings with NUM about Kimberley Mines and no retrenchments will result from the mine’s disposal, says the company. Source: […]
January 1, 1970

Amplats sees R12bn loss on write-offs

Anglo American Platinum will report a bigger-than-expected loss after reporting impairments and write-offs amounting to R14bn. Source: News
January 1, 1970

South32 flags $1.7bn writedown, massive SA job cuts

Mining giant BHP Billiton’s South32 spin-off has announced $1.7bn in asset writedowns and says it will axe hundreds of jobs in South Africa. Source: News