Markets

Police are waiting for tests to be conducted on medication found in the hotel room where the body of controversial businessman Sandi Majali has been found, says a spokesperson.

BUSINESS mogul Sandile Majali has been found dead at the Sandton Quatermain Hotel, reports Moneyweb.

White Water Resources says it will continue to reduce the operational costs of the group.

Chile will sell its stakes in four water utilities, valued at $1.6bn, and may use the proceeds to help finance investments in state mining giant Codelco, says a government official.

SA-based Shaft Sinkers Holdings, which builds infrastructure for underground mines, has listed in London so it can expand in India and the region surrounding Russia.

Newcrest Mining has put work at its Bonikro gold mine in Ivory Coast on ice and moved mine management to Ghana amid election tensions in the region.

Australia's biggest mining groups may have won a long-running battle against Prime Minister Julia Gillard after a tax panel recommended the government pick up future state royalty payments under its tax reform package.

Shareholders in Rareco, a junior mining company written off by the market after being suspended on the JSE in 2002, have received an unexpected Christmas gift.

Anglo American is considering a plan to take control of De Beers, according to a newspaper report.

A team of experts has prepared a report for the cabinet with recommendations on how to contain the problem of acid mine water.