Off The Wires

Market talk swirls as readies for South32

BHP Billiton shareholders were likely to approve the demerger of assets creating South32 but there was little additional certainty about its future.

VMR has 1-20 share consolidation endorsed

Village Main Reef believes a share consolidation will take out the volatility in its stock and improve its investment offering to new investors.

Exxaro to diversify investment portfolio

South African diversified miner Exxaro Resources is keen to broaden its portfolio to include copper and iron ore, its CEO Sipho Nkosi said.

Rio Tinto raises Q2 iron ore output 7%

Rio Tinto raised iron ore production 7% in the June quarter to 51.8 million tonnes, narrowly beating analysts forecasts.

AMCU threatens industry wide strike

The Association of Mineworkers & Construction Union president Joseph Mathunjwa said the union would call a industry wide strike if platinum producers shut mines.

AngloGold bondholders take up offer

Holders of nearly two-thirds of the most expensive bond on AngloGold Ashanti’s books took up its offer to sell out early, easing the company’s debt burden.

Botswana to export coal through SA

Botswana will export coal through South Africa and Mozambique whilst it waits for construction of the 1,500km Trans-Kalahari railway.

ZCI diluted headline earnings dip further

ZCI Limited, formerly Zambia Copper Investments, reported diluted headline earnings per share dip of 28.77 US cents for the year to end March 2010 from a diluted headline loss of 20 cents in the previous period.

Global gold output tipped to decline in 2017

Global production of gold was expected to decline sharply in 2017, according to analysts - a development that would end a six-year expansion in metal output.

Palladium hits high as tensions mount

Palladium has increased 13% this year as the threat of Russian sanctions and continued strikes in South Africa's platinum group metal market hit home.