Amplats may revisit restructuring plan
Anglo American Platinum may revisit its restructuring plans with potential job losses
as low as 5,000 compared to an earlier plan that would have seen 14,000
retrenchments.
Harmony rings in austerity cuts worth R1.8bn
Harmony aimed to slice R800m off corporate and operating costs and a further R1bn
would be cut from the development bill of its Wafi-Golpu project in 2014.
Randgold growth untroubled by gold ‘correction’
Mark Bristow, CEO of Randgold Resources, said the gold market had corrected and
would lead to better businesses while his firm's own growth plans were undisturbed.
Glencore Xstrata is just the beginning, analysts say
The $30bn combination of Xstrata and Glencore was only the beginning of CEO Ivan
Glasenberg's acquisition plans, analysts said.
SA platinum output unlikely to rebound
Platinum production would be constrained by labour strife, said Thomson Reuters
GFMS which added that a failure to restructure would hurt the platinum price.
Aquarius’ R1.25bn Booysendal deal on the brink
It's been two years since Northam Platinum agreed to sell Aquarius Platinum 31
million ounces contained in Booysendal South in which time DMR approval has been
pending.
Zambia set to detail foreign exchange law
Zambia was days away from unveiling long-awaited legislation that will force
foreign mining firms to give account of foreign exchange earnings.
Nkwe Platinum lines up Zijn Mining takeover
Zijn Mining tries its luck in South Africa's platinum sector once again offering to buy
up to 29% of Nkwe Platinum and possibly take out shares owned by Genorah.
Transnet credit at risk if pensioners get day in court
Transnet is hoping the court doesn't grant the hearing of a R89bn class action which
would seriously dent the utility's credit rating and hinder its expansion strategy.
CoAL to restart thermal coal exports in May
Coal of Africa said thermal coal exports would restart in May but there was
continued uncertainty regarding the future of its South African thermal coal assets.