Amsa in “catch up” as claws back 18%
An 18% gain in the share price of ArcelorMittal South Africa was due to the fact it had been oversold, a spokesman said despite reports it was due to restructure.
Pallinghurst to keep platinum ‘newco’ private
Now was not the time to re-list the platinum assets of Pallinghurst Resources, said the company's CEO, Arne Frandsen.
Mines unrest not solved by ending migrant labour
Migrant labour may be a contributing factor to the mines unrest in South Africa, but ending it will only cause hardship elsewhere, experts say.
IDC capture of Scaw heralds state steelmaker
The South African government buys Scaw from Anglo and says the firm will compete for state-backed infrastructure business and help further its beneficiation strategies.
Gold Fields warns of fourth quarter strike pain
Only a portion of lost production owing to strikes had been accounted for in the September quarter, Gold Fields said which also warned of imminent restructuring.
M23 want direct talks with Congo’s Kabila
M23, a rebel movement in Congo, want direct talks with president Joseph Kabila and have warned government not to strengthen armies near Goma, which recently fell to the rebels.
Harmony deplores deaths at Kusasalethu
Harmony Gold's Graham Briggs said deaths at the company's Kusasalethu mine on the west Rand was related to inter-union rivalry.
Debutant Sable Pt to seek $30m in funds
Sable Platinum, reverse-listed into New Corpcapital on the JSE, is to seek $30m to help fund its five platinum and vanadium projects in South Africa's western Bushveld.
Alcoa may buy Rio, BHP aluminium assets
Alcoa said it would seek to buy assets used in the manufacture of aluminium from BHP Billiton and Rio Tinto after the miners shelved or sold the assets.
Mozambique coal boom caught UN off guard
The emergence of Mozambique's Tete province as the epicentre of coking coal exploration had left the local economy short, said the UN which acknowledged it had been caught off guard.