AngloGold to raise $2.1bn, float NewCo
AngloGold Ashanti is to raise $2.1bn in a rights issue and the partially demerge its international assets leaving a local company free to invest in other commodities.
Trans Hex hails market “momentum”
Trans Hex said sales from the first three tenders of this year were up a fifth on owing to positive momentum in the rough diamond market.
CCMA could have ended platinum strike sooner
The five-and-a-half-month strike in South Africa's platinum sector could have been ended months earlier, said Jan de Lange writing in Rapport.
Implats suspends Rustenburg after fatalities
Impala Platinum put the brakes on the ramp-up of its Rustenburg mine after four fatalities in four separate accidents underpinned the perils of significant downtime.
ARM iron ore to post lower profits in future
African Rainbow Minerals said the iron ore division would return lower profits than usual but added that downward pressure on the price would be relieved.
Motsepe may consider platinum bid
Patrice Motsepe, chairman of African Rainbow Minerals, said a bid for platinum assets to be sold by Amplats could be considered in "a totally separate vehicle".
Master Drilling watchful of Pt restructure
Master Drilling lifted its exposure to the South African mining industry in the first six months of this year and may do so further if platinum restructuring occurs.
Glencore will honour Zanaga obligation
Glencore gave little away regarding its long-term plans for its investment in the Zanaga Iron Ore Project saying it was bound to a legal obligation.
Analysts seek proof Harmony can fight tide
Harmony Gold has worked at cutting loss-making production, but analysts worry there's still a lot of mining not making money at the current price.
Ex-Amsa boss leads R244m Universal Coal deal
Nonkululeko Nyembezi-Heita, CEO of IchorCoal, has taken a R244m bet on Australian coal producer and developer, Universal Coal which supplies coal to Eskom.