Pan African to play it cool on rights offer
Pan African Resources will not dilute existing shareholders by more than 10%
in pursuing a rights offer to help fund the R1.5bn acquisition of Evander from
Harmony Gold.
Pan African bids R1.5bn for Evander
Pan African Resources has offered R1.5bn in a combination of debt, cash and
shares for Harmony Gold’s Evander Mines after a consortium in which it was
involved failed to meet conditions of an earlier offer.
Swanepoel granted R9m in Village share options
Bernard Swanepoel and fellow directors were granted share options totaling
R24.2m in value at a price of R1.53/share.
First Uranium warned against ‘horror’ of liquidation
A proxy advisory firm, Institutional Shareholder Services, has urged shareholders of
First Uranium that it should accept offers tabled for its assets because they do not
want to contemplate "the horrors" of liquidation.
AngloGold ups its stake in Brazilian mine
AngloGold Ashanti has bought the 50% it doesn’t already own in Brazil’s Serra
Grande mine from Kinross Gold for $220m.
New twist in First Uranium asset sale
Minority shareholders vow to fight on as First Uranium’s board rejects an
alternative arrangement on the sale of Ezulwini and Mine Waste Solutions.
DRDGold wants AMD claims clarified
DRDGold says Johnny de Lange’s claims in parliament, that the company
should "pay for every damn thing' regarding acid mine drainage, needs "a
public response'.
Watchdog approves DRDGold’s Blyvoor sale
The Competion Commission has given the go-ahead for the sale of DRDGold's Blyvooruitzicht mine to Village Main Reef.
First Uranium issues plea over asset sales
First Uranium’s chairman, Peter Surgey, has taken on one of the company’s
most outspoken shareholder critics over the proposed sale of the gold and
uranium miner’s key assets.
Gold Fields cautious on output & yield promises
Getting to five million ounces annual production is the goal but when, and at what
cost, is not something any sane-minded gold executive is really going to guarantee.