Nkosi to step down as Exxaro CEO
Sipho Nkosi is expected to step down as CEO of Exxaro Resources after more than eight years in charge of the coal, iron ore and mineral sands company.
South32 adopts 40% earnings payout policy
South32, to be demerged from BHP Billiton, would adopt a dividend cover approach as it sought a strong credit rating and targeted acquisitions.
South32 will offer JSE investors mid-cap choice
The listing of South32 on the JSE will see it slot into the scarcely populated mid-cap mining space currently occupied by Exxaro Resources, but few others.
Miners may test SA Govt’s BEE charter in court
End-March currently stands as a critical moment for the SA mining sector as a government report about the status of the 10-year BEE process falls due.
Glencore lifts payout in show of confidence
Glencore improved the year-end payout to shareholders despite acknowledging the commodity market had not recovered as quickly as some expected.
China’s Baosteel takes SA Govt to court
A series of delays in hearing a dispute over overlapping prospecting rights will see mines minister Ngoako Ramatlhodi face his first court challenge.
Petmin to continue share buy-backs
Petmin turned in solid interim results with its share gaining heavily, but the firm still believes ahead of an asset unbundling that the stock is under-valued.
Miners in spin as DMR discounts pre-2004 BEE
The South African government has put its mining sector into a panic by seemingly wanting to discount empowerment deals concluded before May 1, 2004.
Global mining sector resigned to year of hardship
There's no escaping 2015 for the world's mining industry with financial hardship, belt-tightening, and investor scepticism is likely to dominate, analysts say.
Anglo may sell Eskom thermal coal business
Anglo American CEO, Mark Cutifani, said the group was considering selling all or part of its thermal coal business which was considered to be non-core.