January 1, 1970

Glencore’s deeper debt cuts spur credit optimism

Glencore’s aggressive approach to shrinking the industry’s biggest debt pile is fuelling optimism the trader and miner can retain its investment-grade credit rating. Source: News
January 1, 1970

Lonmin continues to cut jobs and costs

Platinum producer Lonmin will continue to review its services and reduce costs, mainly through job cuts, as the slide in the price of its main commodity […]
January 1, 1970

PICS: Diamond the ‘size of tennis ball’ to be auctioned

A 1 100 carat diamond, the second biggest in the world, found in Botswana will be auctioned off in a secret road-show. Source: News
January 1, 1970

Zimplats slashes capex spend, freezes new labour

Low platinum prices and a loss for the six months end-December 31 have forced Impala Platinum-owned Zimplats to cut capital expenditure by 54%. Source: News