Beamish to replace Phillimore at Lonmin
Lonmin non-executive director, Brian Beamish, will replace Roger Phillimore as chairman of the platinum company from May 1.
BHP to focus on iron ore, coal, copper …
BHP Billiton identifies assets that it wants to develop leaving its nickel, manganese and aluminium assets potentially out in the cold.
Legal firms to challenge MPRDA amendments
The MPRDA Amendment bill gave the South African government control of environmental management of mines to the exclusion of the provinces, say lobbists.
Gold Fields’ Holland takes 45% pay cut
Nick Holland, CEO of Gold Fields, received 45% less pay in 2013 after deciding to forgo a cash bonus amid controversy about the sale of a stake in the South Deep mine.
X2’s Davis to begin ‘investment process’
Mick Davis, founder of X2 Resources, said the company was reading to begin investing having raised $3.75bn in funding for deals.
Randgold’s Bristow gets 36% pay lift
Mark Bristow, CEO of Randgold Resources, receives a one third lift in annual salary including bonus and long-term share benefits.
Amplats to continue supplying customers
Anglo American Platinum said it had enough stockpiles to continue supplying customers notwithstanding the strike which headed into its tenth week.
Grindrod to raise R4bn for port, rail projects
Grindrod, the Johannesburg-listed logistics and shipping firm, raised the ante on its port and rail growth plans saying it would raise R1bn more than first planned.
AMCU seeks to extend strike to gold, coal
AMCU president Joseph Mathunjwa said he would apply to Nedlac to have South Africa's gold and coal sectors join the strike in the platinum industry.
Anglo correcting years of ‘self-harm’
Anglo American was reversing years of self-harm with a restructuring programme that offered significant value unlock, a prominent analyst has said.