Productivity improvements, higher prices lift Anglo American’s FY18 Ebitda to $9.2bn. JOHANNESBURG (miningweekly.com) – Continued productivity improvements in underlying operations and better-than-expected prices have contributed to global diversified miner Anglo American’s 4% year-on-y...

Glencore auditing 140 slimes dams. JOHANNESBURG (miningweekly.com) – Diversified mining company Glencore is auditing 140 slimes dams, 65 of them active and 75 of them closed. The company has been undertaking detailed assessments and ...

Pan African H1 revenue up 52.8% y/y to 1.3 billion rand. Gold miner Pan African Resources achieved a 52.8% year-on-year increase in revenue for the six months to December 31, 2018, to 1.3-billion rand. CEO Cobus Loots on Wednesday attributed the higher revenu...

Coal capped at 150 Mt/y – Glencore. JOHANNESBURG (miningweekly.com) – Diversified mining company Glencore has capped its coal capacity at 150-million tonnes of coal a year, a figure that it is close to and which it will not exceed. Th...

Improved margins drive growth in AngloGold's free cash flow generation. JOHANNESBURG (miningweekly.com) – Gold miner AngloGold Ashanti achieved its guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation, the c...

Brazil iron-ore tragedy brings home reality of mining risk – Kumba. JOHANNESBURG (miningweekly.com) – Following 58 mineworkers dying in South Africa in 2018, Kumba Iron Ore CE Themba Mkhwanazi on Tuesday drew attention to 2019 beginning globally with the tragic loss of...

Price premiums boosting quality-focused Kumba Iron Ore. JOHANNESBURG (miningweekly.com) – South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historic...

Universal still waiting for takeover offer. PERTH (miningweekly.com) – The board of ASX-listed Universal Coal has urged shareholders to sit tight as the company awaits a possible takeover offer from a consortium of investors, headed by South Afr...

Petra appoints new CEO, narrows H1 net loss. LSE-listed Petra Diamonds, which on Monday announced the appointment of Richard Duffy as CEO, narrowed its adjusted net loss after tax to $4.5-million for the six months ended December 31, 2018, from t...

High-flying Amplats sets ‘next wave of strategy’ in motion. JOHANNESBURG (miningweekly.com) – Anglo American Platinum (Amplats), which shot the lights out with a set of stupendous cash-splurging, debt-negating, high-dividend-yielding 2018 results, on Monday set...