Shanduka finalises Glencore coal deal
Shanduka Group has finalised the increase of its shareholding in Shanduka Coal
to 50.01% from 30% previouly, the company says.
De Beers defers June rough diamond sales 50pc
The question is whether an uninspired market will be able to mop up the
deferred sales later in the year which is shaping up to show a 7% decline in
diamond sales for De Beers.
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.
DRDGold to become defensive with cash
Having shelled out R58m buying its own shares in two separate tranches,
DRDGold will enter a period of conservatism while it oversees the completion of
its Ergo consolidation project.
Flagship R10.7bn manganese project in disarray
ArcelorMittal may escalate legal action as it suspects corporate governance
failures at Kalagadi Manganese, the flagship venture of South Africa’s
beneficiation strategy.
Bristow in final stretch of bike journey
Randgold Resources CEO Mark Bristow and his 3boyzonbikes team have crossed
into Senegal on the latest lap of a charity motorcycle ride of more than
13,000km.
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.
Anglo American, Codelco extend talks deadline
Anglo American and Chile’s state-owned copper producer, Codelco, have
extended talks to reach a settlement over the disputed stake in Anglo American
Sur.
Smokey Hills on the brink
ASX-listed Platinum Australia’s Smokey Hills mine is facing an uncertain future
following the group’s decision to do "an urgent review' of the operation.
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.