Impala’s Rustenburg resumes production
Impala had rehired 14,950 workers at its key Rustenburg mine which was ready to
restart production following a crippling six week strike which cost the operation
120,000 ounces of output.
Glencore unlikely to bump Xstrata offer
Glencore will today address investors for the first time since unveiling plans for a
$90bn merger with Xstrata, an offer that is unlikely to be amended upwards,
analysts say.
Tharisa secures R1bn funding for plant
Tharisa Minerals has raised R1bn for a chrome and platinum group metal mine and
concentrator from HSBC Holdings.
Glasenberg’s rebuffs calls to lift Xstrata bid
Glencore's Ivan Glasenberg said he hoped people would review the numbers and see
his firm's $36.3bn bid for Xstrata truly represented a merger of equals.
Mandela, Zuma to face criminal charges
Aurora’s Zondwa Mandela is to be served with papers that he defrauded the
JSE, says the Joint Provisional Liquidators of Pamodzi, who added Khulubuse
Zuma would also be in the firing line.
Exxaro forms IPP with India’s Tata Power
Exxaro Resources has taken its first steps in developing an energy division by
forming a joint venture to establish an independent power producer with
India’s Tata Power.
Gold One offers $70m for First Uranium’s Ezulwini
Gold One gives further signal it wants uranium as well as gold exposure after
concluding its second uranium deal in the last 12 months.
AngloGold in $335m First Uranium swoop
AngloGold Ashanti's offer, if approved, will take gold production some 80,000
oz/year higher in the short term, and uranium output to 4.5 million pounds
annually.
First Quantum’s Kansanshi grinds to halt
Operations at First Quantum Minerals' Kansanshi, a copper mine in Zambia, have
been halted as labour demands 17% higher wages.
Implats lost revenue escalates to R2.5bn
Impala Platinum said some 120,000 oz in production had been lost following a
crippling strike equal to R2.4bn in lost revenue.