A gulf of difference in the cost of financing for Fortescue (ASX:FMG) and BHP Billiton (ASX:BHP) draws into relief the diverging outlook for the two iron ore stalwarts.
Uranium sales are set to be a key issue of discussions between Australian Prime Minister Julia Gillard and her counterparts in New Delhi during an official visit to India.
Gold Fields Ltd. (NYSE, JSE:GFI) said Tuesday it will dismiss all miners who fail to return to work by Thursday at its KDC West and Beatrix plants, as the company has lost over 65,000 ounces of gold production because of strikes at its South African operations.
Africa-focused Canadian miner Ivanplats Ltd, founded by billionaire Robert Friedland, raised over Cdn$300 million ($305 million) in its initial public offering in Toronto on Tuesday, after selling shares at $4.75 each, on the lower end of the marketed range.
Mining companies with interests in Mauritania will face some challenges, but no major disturbances in the event of a coup d'état in the northwest African country, whose President was shot and flown to France for medical treatment on Sunday, say analysts.
African governments risk harming their own economies by trying to squeeze quick returns from the mining companies in their countries, said Tuesday Randgold Resources’ (LON:RRS) chief executive Mark Bristow.
