S.Africa’s ARM posts 15% rise in H1 profit on strong manganese business

Most obvious measures include abandoning non-essential exploration work, postponing hires and focusing on core-business operations.

Mostly affecting the country's coal sector, which lost over 1,000 jobs last week alone.

The first European colonial empire to be established, Portugal’s overseas territories were some of the last to attain independence, leaving aftershocks which reverberate to this day, particularly in Mozambique.

''Since Glencore merged with Xstrata last month, the company has demonstrated a ruthless and short-term approach to cost-cutting."

Arch shares popped 5%.

Power generation from renewable sources is expected to increase by 40% over the next five years.

"As long as the world’s most important central banks are stepping back from further monetary stimulus, and China’s appetite for raw materials slows down, the earnings trajectory for metals and mining companies may still be downward."

"Smart blasting, mineral pre-concentration, novel flowsheets and new grinding technologies are just a few of the different strategies which can improve cost effectiveness."

The mining giant is in the process of choosing a financial adviser to assist with the transaction.