IDC denies it has plans to unseat Amsa
The Industrial Development Corporation defends its decision to buy Scaw Metals as a defensive strategy aimed at fuelling beneficiation and creating employment.
Lonmin faces credibility crisis at Marikana hearing
Joseph Mathunjwa, president of Amcu, said Lonmin broke a promise to speak to miners in the day before the massacre of 34 miners at the Marikana mine.
All eyes on AngloGold as next unbundling candidate
Shares in AngloGold Ashanti rose in Johannesburg after Gold Fields unveiled plans to unbundle its SA assets, a strategy analysts said AngloGold may visit.
Gold Fields plans 5-year South Deep return
Gold Fields CEO, Nick Holland, said that income of R6.5bn a year would help pay back the R35bn in total investment in South Deep within five years.
Davis earns £5.5m profit on Xstrata shares
Mick Davis, the outgoing Xstrata CEO, sold 661.590 shares in the company following the European Commission's approval of its merger with Glencore.
Gold Fields unbundles SA mines, creates Sibanye
Gold Fields is to unbundle its South African mines creating a 1.4 million oz/year producer listed on the JSE and led by former staffer, Neal Froneman.
Sibanye Gold’s Froneman demurs on ‘pac-man’ deals
Neal Froneman, CEO-designate of Sibanye Gold, may look at acquisitions, but his goal was to build in Sibanye a company attracting Asian investors.
IDC uncertain of role in Kalagadi Manganese
Government's Industrial Development Corporation also said it may waive its rights to participate further in Kalagadi Manganese if that was in its interests.
Eskom’s Dames moots national coal pact
Speaking in parliament, Eskom CEO Brian Dames appealed to the country's coal producers to enter into a coal pact with coal prices not exceeding 10% annually in return for lower electricity increase.
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.