Category archives for: Mining

De Beers pilots fixed-price project

DIAMOND

By GIFT NDOLWANE JOHANNESBURG, (CAJ News) – THE De Beers Group, the leading diamond company, will begin piloting fixed-price forward contracts next month. These contracts will offer the opportunity for auction sales customers to guarantee access to future supply with certainty over the price to be paid when the contract reaches maturity. The first event […]

De Beers propose partnerships to defy recession

De Beers CEO Bruce Cleaver

By GIFT NDOLWANE JOHANNESBURG, (CAJ News) – DE Beers Group Chief Executive Officer, Bruce Cleaver, has called on the diamond sector to work together to overcome the volatility experienced in 2016. Commenting on the value of different parts of the diamond pipeline finding ways to work together more effectively, Cleaver said the industry had made […]

Gold Fields confirms executive retirements

goldfields logo

GIFT NDOLWANE JOHANNESBURG, (CAJ News) – GOLD Fields Limited, has announced the retirement of Kofi Ansah and Alan Hill as non-executive directors of its Board of Directors with effect from December 31. Ansah has been a Gold Fields director since April 2004 and Hill since August 2009. “We wish them everything of the best in […]

Anglo disposes Exxaro stake for $215 million

Anglo platinum

GIFT NDOLWANE JOHANNESBURG, (CAJ News) – ANGLO American has agreed to sale its 9,7 percent interest in Exxaro for US$215 million (over R3 billion). This is further to the announcement made on November 30. The sale price represents a 10 percent discount to the closing price on the mentioned date. Also, Main Street 333 Proprietary […]

Rio Tinto under US probe in Mozambique

rio-tinto

From ARIMANDO DOMINGOS in Maputo, Mozambique MAPUTO, (CAJ News) – British-Australian multinational miner, Rio Tinto, pledged to cooperate with United States investigators over a probe into a US$3 billion impairment included in the company’s operation in Mozambique in 2012. The United States Securities Exchange Commission (SEC) is investigating the impairment, which refers to a reduction […]

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