Exxaro to pay out about R4.8bn in first tranche Tronox sale
SHAREHOLDERS in Exxaro Resources can look forward to a payout of $354m (R4.8bn) after the company said it was likely to distribute nearly all of...
Exxaro BEE plan squeaks through after firm makes concessions
EXXARO Resources' proposed replacement black economic empowerment (BEE) transaction was narrowly approved by a majority of shareholders today, but the group also agreed to...
Anglo’s Cutifani claims investors are wary of sector recovery
VOLATILITY in the mining sector and the speed with which commodity prices have recovered since 2016 are deterring investors from buying mining shares, said Anglo...
SA mining will lose 48,000 jobs if ‘dire’ Eskom tariff granted
UP to 48,000 jobs would be lost in South Africa's gold and platinum sector were the country's power utility, Eskom, granted a 19.9% increase...
Pallinghurst cuts executive team in cost reduction drive
THE departure of Palllinghurst Resources executive director and COO, Priyank Thapliyal, for Jupiter Mines where he will be CEO was "rational on all fronts"...
Nkosi defends Exxaro BEE discount: “We have no guarantees”
SIPHO Nkosi, the former CEO of Exxaro Resources, has defended the group's proposed new black economic empowerment (BEE) transaction of which he is a...
Tharisa to post surge in earnings assisted by $200/t chrome price
RECORD production and a higher average chrome price would take 2017 headline share earnings to between 21 US cents to 23 cents, said Tharisa...
Mick Davis speculated to be Rio Tinto’s preferred new chairman
MICK Davis, the former CEO of Xstrata and more recently appointed head of Britain's Conservative Party, could be heading to Rio Tinto, according to...
Swanepoel’s Last Mile Fund sets R1bn to R1.5bn investment target
IF ever there was evidence that former Harmony Gold CEO, Bernard Swanepoel, had dealt with the past it was surely a decision to induct...
Historic moment or political flotsam: how might the High Court rule?
IS it possible that given the nature of South African politics, the Chamber of Mines' application for a declaratory order from the High Court regarding...