Metals boost if Europe rethinks austerity: Stanlib
Austerity failed to save Europe, which is why it must rethink smarter policies
with the emphasis on infrastructure spend, says Stanlib senior economist, Kevin
Lings.
Glenstrata deal on the brink as Qataris says “no’
The $65bn merger between Glencore and Xstrata is on the verge of collapse
after Xstrata’s second-largest shareholder said it will oppose the terms of the
deal, reports Financial Times.
Tronox adds vim to under-valued Exxaro Resources
Coal prices may have flagged lately, but there are high expectations for the
effect the mineral sands industry can have on Exxaro Resources’ share price.
MRI in hunt for Water Affairs AMD tender
Mine Restoration Investments will chase down a multi-million rand tender to
clean South Africa’s acid mine drainage after listing and raising R40m on the
JSE’s Altx.
Dirt diggers can leave for Australia: Jourdan
Paul Jourdan, a co-author of the State Intervention in Mining report, says
minerals should be left unmined if industrialisation is not the direct
consequence of digging for them.
How to get ahead in mining
The possibility of earning a good keep with a career in mining will not be over
soon, but careful planning and a knack for some key soft skills will make you
rise higher than your well-paid peers.
New Tronox ready for NYSE listing
Exxaro Resources is nailing its colours to the mast to list one of its joint
ventures on the New York Stock Exchange.
BHP Billiton to remain Eskom’s darling
Eskom will continue to allow BHP Billiton to produce aluminium with subsidised
electricity, even if winter conditions make load shedding necessary.
Pallinghurst shows its hand on R800m rights offer
JSE-listed holdings group Pallinghurst Resources has launched its latest R800m
rights offer as the company prepares to extend its reach to copper and coal.
Glasenberg defends steep executive pay
Glencore CEO Ivan Glasenberg has defended steep executive pay packages and
showed support for the CEO of Xstrata, reports Reuters.