Eric Onstad
latest news & developmentsOppenheimers 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.
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.
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.
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.
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.…