Diversified resources group Exxaro Resources Limited (Exxaro) today held a Safety Summit convened by chief executive officer Sipho Nkosi and involving its stakeholders to examine and prioritise safety improvement interventions and management systems to position the group to improve its safety performance.
“The summit sets a new momentum for safety initiatives within the group, with action [...]

TORONTO, March 3, 2009 – Vale Inco Limited today announced a further restructuring of its global operations in response to ongoing challenges in the world nickel market.
The restructuring will see the elimination of approximately 900 full-time positions in the nickel business distributed across the Company’s operations worldwide. The workforce reductions focused in large part on [...]

Diversified South African-based resources group Exxaro Resources Limited (Exxaro) today reported consolidated revenue of R13,8 billion for the 12 months ended 31 December 2008, an increase of 36% when compared with the same  period in 2007. 
The group`s audited financial results and actual physical information for the 12- month periods ended 31 December 2008 and 2007 [...]

Anglo American shocked the mining sector as it announced another 9000 jobs to be cut and declined to pay a dividend for the first time since the Second World War. Shares in the heavily debt-laden company fell by over 15% on the JSE on Friday after the company announced financial results for the year ended [...]

20 January 2009
Rio Tinto Alcan plans to implement further production curtailments to align production with customer demand. Further to curtailments which occurred in the fourth quarter of 2008, totalling five per cent of global production, Rio Tinto Alcan plans to reduce aluminium output by another 230,000 tonnes. This brings the total production decrease to 450,000 tonnes or approximately 11 [...]

11 December 2008
Bass Metals Australia is announced today that it has signed a binding agreement to purchase from Intec Ltd the Hellyer processing plant, associated infrastructure and the Hellyer Mining lease for $4.0 million to be paid on settlement. Bass Metals will also pay Intec a Processing Royalty of $2.50/tonne processed, capped at $5.0 million.
Settlement [...]

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