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eric onstadlatest news & developments
DE BEERS

Oppenheimers to keep De Beers stake

SAs Oppenheimer family is not keen to sell its 40% stake in De Beers after a buoyant year for the world’s top diamond miner, Nicky Oppenheimer said.

  • Eric Onstad
3 min read
BARRICK GOLD CORPORATION

African Barrick Gold cuts output goal, shares slide

African Barrick Gold cut its 2010 production target for the second time in three months after it said it uncovered fuel theft at its new Buzwagi mine.

  • Eric Onstad
2 min read
ERIC ONSTAD

Xstrata in $5bn new mine spend after bumper earnings

Mining group Xstrata said it would pump over $5-billion into new mines and keep targeting organic growth rather than acquisitions.

  • Eric Onstad
2 min read
ERIC ONSTAD

RenCap targets African resources in expansion push

Russian private investment bank Renaissance Capital is in the midst of a sweeping expansion into the resource sector in Africa.

  • Eric Onstad
4 min read
ANSHUMAN DAGA

Rio Tinto rejects BHP Billiton bid

BHP Billiton has made a long-awaited bid approach to Rio Tinto in a move aimed at creating a $350-billion-plus mining giant, but Rio rejected the all-share proposal as too low.…

  • Staff Reporter
4 min read