Home News Markets Page 160

Markets

Weak rand to add billions to miner revenues

0
The slide in the rand will add billions of rands to the revenues of some of South Africa's mining firms with analysts marking the currency for further weakness.

SA mining reports lowest fatalities ever in 2015

0
The South African mining industry said there had been 77 fatalities among its ranks in 2015 - the best safety record since the dawn of the industry.

Oppenheimer exit looks like genius in mining slump

0
The sale by the Oppenheimer family of their 40% stake in De Beers in 2011 looks like a stroke of genius given how far mining shares have since sunk.

South32 delivers $81m cut in net debt

0
South32 cut net debt and said that a review of its manganese ore operations in South Africa was nearing completion.

Callide sale small strategic victory for Anglo

0
Yet analysts continue to be critical of the UK group saying its $2bn asset sale plan should be doubled in order to lasso net debt.

Anglo $2bn sale target “a stretch”, say analysts

0
Analysts are sceptical Anglo will be able to follow up the sale of its Tarmac stake with quite the same success amid the slide in commodity prices in 2015.

MPRDA due in parliament after re-draft

0
Amendments to the Minerals & Petroleum Resources Development Act will return to parliament this year as the government re-writes clauses on state ownership.

People to watch: Sibanye CEO, Neal Froneman

0
Last year was active even by Sibanye Gold CEO, Neal Froneman's standards, but in 2016 analysts will want to see a focus on operational excellence.

People to watch: Anglo CEO, Mark Cutifani

0
2016 will be a critical year for Anglo American's Mark Cutifani where success will be measured on how quickly he can restructure the firm.

People to watch: Eskom CEO, Brian Molefe

0
South Africa's power utility company, Eskom, is an attention magnet and it's new CEO, Brian Molefe, is not a wallflower either. Expect fireworks.