January 1, 1970

De Beers IPO could fetch $10bn for Anglo

Anglo American, the second-worst performer in the benchmark FTSE 100 this year, could raise more than $10bn by selling its De Beers diamond business, according to […]
January 1, 1970

Randgold pulls out of Ghana joint venture deal

Randgold Resources has informed AngloGold Ashanti that it wishes to terminate an agreement for a joint venture to redevelop the Obuasi mine in Ghana. Source: News
January 1, 1970

US coal miner Arch files for bankruptcy, hit by cheap gas

One of the largest US coal miners, Arch Coal has filed for bankruptcy protection succumbing to the competitive pressure of cheap natural gas from fracking operations. […]
January 1, 1970

Mining sector won't recover anytime soon – Moody's

The mining sector is unlikely to recover from the current slump for years to come and a wholesale recalibration of ratings is required, says Moody’s Investors […]