South32 CEO would welcome mining sector megadeals
SOUTH32 would welcome an increase in mining sector mergers and acquisitions as it would create collateral opportunities for the company.
"From our point of view,...
Mining has a problem with permits
Ask any mining boss what causes evening sweats, and it’s probably not a posse of cute rodents, or tumps of seemingly unremarkable grasses.
Yet for...
Transnet scores R5bn loan from New Development Bank
TRANSNET has secured a R5bn loan from the New Development Bank, formerly the BRICS Development Bank, for the modernisation of its freight rail infrastructure.
"This...
Anglo to promote polyhalite in China’s ‘grain barn’
ANGLO American has signed agreements with two of China's largest fertiliser companies to promote the use of polyhalite in the country.
Polyhalite is a form...
South32 backs future with $200m share repurchase plan
SOUTH32 CEO Graham Kerr says the company is well-positioned after its full-year financial results beat market expectations.
For the 12 months to June 30, the...
Saudi’s rise in mining is breathtaking, and problematic
L ong the world's largest producer of oil, Saudi Arabia now seeks to unlock a treasure trove of minerals beneath its sands while using...
CEOs caution against risks of new dealmaking wave
MERGER and acquistion activity in the mining industry could be about to take off again – a a prospect about which some company CEOs...
Master Drilling “blindsided” as auditor demands write-down
MASTER Drilling’s 75% drop in profit for the six months to end-June was courtesy of the accountants forcing the company to make write-downs on...
Sibanye-Stillwater raises R1.8bn in gold prepayment
SIBANYE-Stillwater has refinanced its rand revolving credit facility (RCF) increasing it to R6bn and sold R1.8bn of gold forward through a “prepay” arrangement to...
China metals strategy aimed at countering punitive Western tariffs says SP...
CHINA is implementing a strategy to import metal concentrates from around the world but then restrict refined metal exports for strategic political interests and...