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Lonmin announces rights issue, debt restructuring

Lonmin announces rights issue, debt restructuring

Platinum group metals producer looks for solution in tough environment

Capital markets

22 OCTOBER 2015
Rock in a hard place

Rock in a hard place

A look at restructuring and insolvency in the mining industry



Freeport preps for share sale

Announcement follows US$1.1 billion placing by First Quantum in June

North America

11 AUGUST 2015

Contingency planning at the coalface

Mining companies filing for bankruptcy or insolvency protection face certain unique challenges


19 JUNE 2015

Petropavlovsk to sell Koboldo

But taking into account the estimated amount of intra-group debt to be repaid to Koboldo and the expenses...


26 NOVEMBER 2014

Lost swallow or dead canary?

That is, they believe that amongst that hardy band of producers who have actually sought to manage their...

Russo's rules

18 NOVEMBER 2014

Fighting with one arm tied behind their backs

“You can’t beat the market”. “Hedging is a zero sum game”. “Shareholders hold us for exposure to the...

Russo's rules

31 OCTOBER 2014

Fleet use will point to hire recovery

US investment bank Morgan Stanley has taken a ‘darkest-before-the-dawn' view of one of the world's big...


27 FEBRUARY 2014

Russo's Rules: My money is on the cockroaches

Last year will go down in history as one of the worst years on record for US-dollar gold. Down 28%...


20 JANUARY 2014

Commodity trading: Increasing the finance mix

A growing number of major trading houses are diversifying their operations geographically, across product...


18 OCTOBER 2013

Freeport plans asset sales and spending cuts

Freeport-McMoRan Copper & Gold Inc said it would slash spending by US$1.9 billion and pursue divestment...

Capital markets

26 JULY 2013

Tinkler sells Whitehaven stake

Australia's Nathan Tinkler, the former mining magnate, has disposed of his 19.4% stake in Whitehaven...


21 JUNE 2013