Rustenburg sale may cure years of ‘self-harm’
SPECULATION Sibanye Gold may buy platinum shafts or sections in Rustenburg
owned by Anglo American Platinum not only represents a potential new
chapter in the rise of the gold counter, but gives credence to the proposed
turnaround of Amplats parent, Anglo American.
Can private equity reboot the mining sector?
ROUGHLY $8bn to $10bn has been raised by newly founded private equity
companies, many of them started by former resources bankers or mining executives,
Master Drilling welcomes mechanisation talk
Master Drilings says strike activity in South Africa is obviously unhelpful but it may have some positive spinoffs if it results in mechanisation.
R&E to put PwC R150m deal to shareholders
Randgold & Exploration is to close another chapter on its infamous corporate past in a proposed deal with PwC which it alleged had failed to spot misappropriations.
Pt may stage short-lived rally to $1,600/oz
Standard Bank said the price of platinum could rally in the absence of a wage deal, but generally speaking the metal would bump along the bottom for 2014.
LRA missing strike ballot amendment
Secret strike ballots were removed from the Labour Relations Act amendments, but they would in retrospect have been a crucial inclusion.
Kalahari delay, write-offs lay Metmar low
Shares in the commodities trading and investment firm slid nearly 10% as write-downs and project delays hit the company hard.
Exxaro has cause to rethink $20bn target
Exxaro Resources is now worth a little under $5bn when once it targeted growth to $20bn. Is the company re-setting its sights amid a commodity climb-down...?
NAMF in crisis talks to save $120m fund
The New Africa Mining Fund is in talks that could result in a restructure of its second $120m venture capital fund.
MPRDA bill chops ‘developmental pricing’
South Africa's Chamber of Mines welcomed the MPRDA Amendment Bill and said it had negotiated developmental pricing for domestic supply out of the legislation.