Pallinghurst launches bold restructure with $150m Gemfields buyout
PALLINGHURST Resources is to buyout minority shareholders in UK-listed gemstones company, Gemfields, by offering $150m in its shares in a transaction that marks the...
Mining Charter 3 may not see light of day in 2017
A PRESENTATION by the Department of Mineral Resources (DMR) to the Portfolio Committee on Mineral Resources earlier this week in South Africa's parliament suggested...
BHP, Elliott debate suggests investors still wary of management
ONE of the interesting features to emerge from BHP Billiton’s recent run-in with investor activism was the claim that it was better to return...
South32 is raking it in as cash balances hit US$1.5 billion
South32’s net cash balance rose by US$645m during the March quarter to hit $1.5bn at the end of March and the group has been...
Pan African Resources gets its ducks in a row at Evander
The Elikhulu tailings retreatment project is the current focus of attention at Pan African Resources’ Evander Mine but crucial for the mine’s medium-term future...
South32 M&A push frustrated after Metropolitan deal abandoned
SOUTH32 has pulled the plug on a proposed $200m acquisition of the Metropolitan Colliery and 16.67% stake in the Port Kembla Coal Terminal from...
BHP rebuts Elliott proposal arguing it would destroy $1.3bn in value
BHP Billiton delivered a robust rebuttal to calls by activist investor Elliott Management that it simplify its structure, saying the proposals could "... destroy...
DMR confirms mining charter redraft “still being finalised”
A WIDELY anticipated re-draft of the mining charter was still being finalised, according to the Department of Mineral Resources (DMR) which indicated today the...
Green shoots for SA mining which reverses loss-making trend
DATA published by the Chamber of Mines of South Africa delivered some much-needed good news for the country's mining sector which last year showed...
Albanese set to leave Vedanta as Agarwal starts executive search
TOM Albanese, CEO of Vedanta, may relinquish his position at the UK-listed firm on August 31, a development the company said was in line...