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...
Pallinghurst planning “value unlock” as 10-year term rolls up
PALLINGHURST Resources is exploring "all options available" regarding unlocking "inherent value" of its assets, but this would not extend to an unbundling of any...
SA political instability a negative for Anglo’s spin-off plans
POLITICAL instability in South Africa would be "slightly negative" for Anglo American as the restructuring of its local assets might be delayed, but gold...
Mining charter amendments a mystery as March deadline nears
SOUTH Africa's Chamber of Mines did not have any meetings scheduled with the Department of Mineral Resources (DMR) this week which means it would...
Kropz to miss March start-up date for Elandsfontein mine
WHEN last we left Kropz, a company in which Patrice Motsepe’s African Rainbow Capital has shares, it was targeting March for first production of...
South32 unveils $500m capital return to shareholders
SOUTH32 today demonstrated the strength of its balance sheet and confidence in its cash generating capability unveiling a stunning $500m capital management programme starting...