The Rich List has been published, showcasing South Africa’s wealthiest business men and women. Topping the list for 2011 Ivan Glasenberg from Swiss-based, London-listed Glencore International, who has an estimated net worth of R61.48 billion. See...
GCM Resources plunged into the red in the six months to the end of December posting an after-tax loss of £690,000 against a profit of £3.3m last time. GCM says the Phulbari coal project remains the company’s key opportunity and it continue to pursue approval of...
Rio Tinto Group, the third-biggest mining company, will gain control of Richards Bay Minerals, or RBM, on South Africa’s east coast in a deal that sees BHP Billiton Ltd. exiting the titanium minerals industry. Rio, operator of the RBM venture, will double its stake to...
While it may only be a formality, Rio Tinto’s $US302 million purchase of another two per cent of Ivanhoe Mines finally cements its control of the group and its prize asset, the giant Oyu Tolgoi copper-gold prospect in Mongolia. By moving to 51 per cent of Ivanhoe, and...
Mining in southern Mongolia is threatening the livelihoods of herders and straining water supplies, a report said recently, as foreign companies race to exploit the country’s rich mineral deposits. Mongolia has opened up it vast reserves of natural resources to...
LANDOWNERS of the Bougainville Copper Mine have called on the government for the Bougainville Copper Agreement (BCA) Act 1969 to be repealed. Panguna Landowners Association (PLA) stated that if Panguna Mine is to be re-opened, this has to be negotiated under a totally...
