Eastplats hits Q4 wall, impairs for $46.3m
Shares in Eastplats slumped 7% on the JSE as it posted a horror decline in
year-on-year profits, suffered a $46.5m write-down, and said projects might be
rescoped permanently unless third-party funding was acquired.
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.
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.
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.
Village bags R413m, special dividend likely
As suggested before, Village Main would most likely pay out a special dividend
from the First Uranium asset sales that net R413m for Bernard Swanepoel’s
company.
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.
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.
Tharisa secures R1bn funding for plant
Tharisa Minerals has raised R1bn for a chrome and platinum group metal mine and
concentrator from HSBC Holdings.
Namaqualand deal ‘progressing’, says Trans Hex
Trans Hex said discussions were ongoing to buy De Beers Consolidated Mines'
Namaqualand Mines, a transaction first opened nearly a year ago.
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.