Search Results
Mining Company Earning Reported : Anglo American First-Half Profit Has Fallen 30.6 Per Cent
Global mining giant Anglo American’s first-half profit has fallen 30.6 per cent because of weak commodity prices.
Net earnings dived to $US2.97 billion (about $A3.56 billion) in the six months to June, compared with $US4.28 billion in the same period last year. Revenues sank 37.9 per cent to $US11.13 billion.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Xstrata fights back in vanadium mine dispute
A 102-metre-long kiln dominates Windimurra, a vanadium mine that Precious Metals Australia, a junior explorer, is set to reopen after the site was abandoned three years ago by Xstrata, one of the world’s leading mining groups.
The kiln is the only major piece of infrastructure that Xstrata left in working condition, according to Shaun Bunn, PMA’s [...]
Mining sector dogged by skilled manpower shortage
ZIMBABWE’S mining sector is faced with a skilled manpower shortage as professionals continue leaving the country for better-paying jobs in the region and abroad, the president of Chamber of Mines, Mr Jack Murehwa, said yesterday.
Mr Murehwa said the brain drain in the sector had reached crisis levels.
Last year alone, he said, the lure of [...]
In Africa, China Trade Brings Growth, Unease
Every time newspaper publisher Trevor Ncube visits his native Zimbabwe, he said, there seem to be more Chinese. He sees them shopping at boutiques, driving fancy cars, picking up their children from elite private schools.
And as in much of Africa, Ncube said, China’s reach into Zimbabwe’s economy is equally pervasive: The roads are filled with [...]
