Sunday, April 22, 2018

BHP Billiton has scrapped its $39bn bid for Potash Corp, and says it will return $4.2bn to investors through a share buyback.

UPDATED: Mineral Resources Minister Susan Shabangu has cited bribery and intimidation as some of the challenges her department faced in the audit of mining and prospecting licences.

Controversial ANC Northern Cape chairperson John Block is a director of a company that for years has mined salt in the Kalahari with a fraudulent mining licence, court records show.

Anglo American says it is to sell Scaw Metals properties to Australian steel product manufacturer OneSteel for $932m.

BHP Billiton's boss is likely to face calls for a massive share buyback when he confronts shareholders in Australia after his third straight failure to pull off a major acquisition.

The Department of Mineral Resources has come back swinging at mining legal expert Hulme Scholes over his views on nationalisation but Scholes is not backing down.

Global miner Xstrata are closer to succeeding in its takeover of iron ore prospector Sphere Minerals after Genesis Investment Management agreed to accept the offer.

Africa Rainbow Minerals chairperson Patrice Motsepe earned almost 74% more during the group's 2010 financial year than in 2009, according to the company's annual report.

Village Main Reef is to ask shareholders for permission to raise up to R40m, to bolster cash reserves and finalise the acquisition of Consolidated Murchison.

India's Essar Group has won a bid to revive Zimbabwe's collapsed parastatal Zisco steelmaker, following a scramble for the shares of the beleagured firm.