R/€ = 14.20
R/$ = 10.70
Au 1280.10 $/oz
Pt 1422.00 $/oz
Jan 31, 2014
Mining company Kumba Iron Ore’s 6 209 worker shareholders, who became pretax half-millionnaires in 2011, when the company paid out R2.7-billion during the first phase of the ten-year Envision employee share ownership plan (Esop), can look forward to an interim...
Feb 15, 2013
Jul 27, 2012
Dec 14, 2009
Anglo-pursuing Xstrata plc has invited former Anglo executive Dr Con Fauconnier to join its board as a non-executive independent director. London-listed diversified miner Xstrata said on Monday that Fauconnier would act as an independent external board consultant...
Oct 24, 2008
From an industry perspective, we no longer have major players like Bobby Godsell, Con Fauconnier, Rick Menell and Barry Davison. “Labour has lost both Gwede Mantashe and Geoff Magida. “The Minister of Minerals and Energy at the time, Phumzile Mlambo-Ngcuka, has...
May 02, 2008
Underground mine arson is a real threat in today’s mining industry, says fire technology and consulting services Firelab. “Arson, as such, is a very sensitive subject but the reality is that it does take place,” says Firelab’s fire and...
Apr 11, 2008
It doesn’t matter where you are anymore; what matters is what you can do: this is the central idea Thomas Freidman presents in The World is Flat. Natural resources matter and finances matter, but what matters most is intellectual property, know-how, skills,...
Apr 04, 2008
Sep 07, 2007
Aug 31, 2007
Spring day, September 1, has traditionally signified a season of new beginnings, which which will ring particularly true in the case of South Africa�s biggest black-owned mining firm, Exxaro Resources, when Sipho Nkosi replaces Dr Con Fauconnier as CEO on the day.
Aug 16, 2007
Africa's biggest black-owned mining company Exxaro Resources would be a "very strong coal company" in the long term, exiting CEO Con Fauconnier said on Thursday. Speaking at his last presentation of the diversified miner's financial results,...
Aug 16, 2007
South Africa's biggest black-owned mining company Exxaro Resources reported on Thursday that its earnings for the six-months ended June 30 shot up 61% year-on-year to R839-million, or R2,46 a share, on the back of buoyant commodity prices.
Apr 16, 2007
Diversified resources group Exxaro Resources (Exxaro) on Monday announced finalising the repurchase and placing of Exxaro shares to exceed its target of at least a 25% free float.
Apr 04, 2007
Diversified-miner Exxaro Resources CEO Dr Con Fauconnier said the company was “greatly encouraged” by the improved spirit of cooperation between South Africa’s government and the mining industry to tackle “legislative uncertainties”.
Mar 29, 2007
Diversified resources group Exxaro Resources Limited (Exxaro) and state-owned power utility Eskom had reached an agreement on the price and terms of the long-awaited coal supply agreement for Eskom’s new power station in Lephalale, Limpopo Province, the two said in...
Mar 29, 2007
Diversified resources group Exxaro Resources Limited (Exxaro) and State-owned power utility Eskom had agreed on the price and terms of the long-awaited coal supply agreement for Eskom’s new power station in Lephalale, Limpopo Province, the two said in a joint...
Feb 22, 2007
Black-controlled diversified mining company Exxaro said on Thursday that it was confident of winning Eskom's coal contract for the Project Alpha power station next month - and was on the way to producing at the high rate of 78-million tons per annum (mtpa) by 2014....
Feb 22, 2007
If the rights of the black-controlled Exxaro Resources failed to be protected, it would walk away from its zinc mine in the Democratic Republic of Congo (DRC), the highly respected Dr Con Fauconnier said on Thursday.
Feb 13, 2007
JSE-listed diversified resources group Exxaro Resources and US-based Tronox Incorporated on Tuesday announced plans to increase yearly production capacity, at their Tiwest joint-venture (JV) titanium dioxide pigment plant in Kwinana, Western Australia.
Jan 19, 2007
Diversified resources group Exxaro has exercised its options to acquire the Namakwa Sands mineral sands operation and a 26% interest in a company to be formed to hold the Black Mountain zinc and lead mine and the Gamsberg zinc project, it announced on Friday. The...
Dec 15, 2006
The listing of nine mining-focused companies on the JSE this year is evidencethat the local bourse�s businessdevelopment initiative to attract companies to list in South Africa is yielding significant results. Traditionally, the Toronto Stock Exchange (TSX),...
Dec 01, 2006
Full name: Sipho Abednego Nkosi Position: CEO-designate, Exxaro Resources, since September 2006 Main activity of the company: Resources Date and place of birth: April 29, 1954, Vryheid, KwaZulu-Natal
Nov 27, 2006
Coal prices had stabilised at higher levels than those to which South African coal miners had been accustomed in the past two decades, Exxaro CEO Dr Con Fauconnier said following the company's listing on Monday. Even in steam coal, prices had settled into the $50/t...
Nov 03, 2006
Africa’s largest iron-ore producer Kumba Resources, which will be split into Exxaro and Kumba Iron Ore later this month, has given notice that it will be meeting government to discuss the latest royalty rulings on both coal and iron ore.
Nov 01, 2006
Diversified-miner Kumba Resources told Business Day that Canadian mining company Lithos Corporation, which was suing the South African group for a breach of contract over an iron-ore project in Senegal, based its $196-million claim on what it believed it could have...
Sep 22, 2006
South Africa's largest black-owned, black-controlled and black-managed company will continue to play a meaningful role in coal, explore more opportunities in base metals beyond zinc and strengthen its mineral-sands business. That is the matter-of-fact strategy that...
Sep 22, 2006
Every Friday morning, SAfm's AMLive's radio anchor Nikiwe Bikitsha speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday's At the Coalface transcript: Bikitsha: The first drilling is imminent in...
Aug 29, 2006
Gecamines, the Democratic Republic of Congo's biggest state-owned mining company, said it's seeking a partner to develop the Kipushi mine, dropping plans to develop the deposit with First Quantum Minerals Ltd. and Kumba Resources Ltd.
Aug 16, 2006
The South African Competition Tribunal's announcement on Wednesday that it had approved unconditionally the merger between diversified-miner Kumba Resources and black-owned Eyesizwe Coal, has paved the way for the creation of South Africa's largest black-owned mining...
Aug 10, 2006
Diversified miner Kumba Resources and Eyesizwe Coal said that the approval of the Richards Bay Coal Terminal Phase V expansion, which was announced on Tuesday, has paved the way for the construction of their 50:50 joint venture, Inyanda coal mine.
Aug 08, 2006
South Africa's main coal export terminal, the Richards Bay Coal Terminal (RBCT), was given the go ahead for the fifth-phase of expansion, but the scope of the project had been reduced, chairperson Kuseni Dlamini announced on Tuesday. The scope of the project had been...
Aug 02, 2006
Anglo American Plc's Kumba Resources Ltd. has asked the Democratic Republic of Congo to guarantee its property rights before the company restarts a zinc mine and takes advantage of surging metal prices.
Aug 02, 2006
A strike over wages at Anglo American Plc's Kumba Resources Ltd., the world's fourth-biggest iron ore producer, will enter into its fifth day on Thursday, the Solidarity labour union said.
Aug 02, 2006
Delayed decision-making on the expansion of the Richards Bay Coal Terminal (RBCT) represented a “staggering” loss to the South African economy, Kumba Resources CEO Dr Con Fauconnier complained on Wednesday. He pointed out that the final RBCT expansion...
Aug 02, 2006
Africa's largest steel producer, Mittal Steel South Africa, defended its decision to retain its dividend at three times cover despite its cash-pile rising to R6-billion, partly by stressing that its already-confirmed R9-billion capital-expenditure programme to 2010...
Jun 26, 2006
Trade union Solidarity has expressed concern about Kumba's black economic-empowerment deal, saying that Kumba staff are unhappy with the employee share-ownership plan benefits.
Jun 09, 2006
The second round of wage negotiations between iron-ore miner Kumba Resources and organised labour has ended in a dispute, which the unions involved claim could ultimately lead to strike action at the world’s fourth-largest iron-ore producer.
Jun 06, 2006
JSE-listed diversified miner Kumba says that an accident at its Glen Douglas Mine in Gauteng Province has claimed the life of three of its employees and injured one employee. It is to launch a “thorough investigation into the fatal accident,” it said in a...
Mar 22, 2006
South African diversified miner, Kumba Resources, today announced the new name for the company that was formed as part of its black economic-empowerment (BEE) transaction last October. The group, which would be splitting into two entities officially by mid-year,...