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.
Uranium One posts record revenue
Uranium One said that despite difficulties in the uranium industry during 2011, the
company was able to post record revenues and an 89% improvement in earnings
from mining operations.
EU says nuclear stress tests completed by mid-year
Stress tests on European Union nuclear facilities would be completed by the mid-
year with EU Energy Commissioner, Guenther Oettinger, saying thoroughness was
essential.
ANC to study 50 percent resource rent tax
The African National Congress said it would study a resource rent tax of up to 50%
as part of policy documents setting out ways to beat high unemployment and
inequality over the next 30 to 50 years.
Fitch affirms diversified miners
Fitch Ratings has affirmed the ratings of the three major diversified mining
companies, Anglo American, BHP Billiton and Rio Tinto.
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.
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.
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.
Tharisa secures R1bn funding for plant
Tharisa Minerals has raised R1bn for a chrome and platinum group metal mine and
concentrator from HSBC Holdings.
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.