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.
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.
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.
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 says tax review under discussion
Mozambique's deputy mines minister confirms capital gains tax changes are on the agenda but says adaptations to the fiscal regime is only a discussion at present.
Xstrata executive exodus feared
The resignation of Sir John Bond, chairman of Xstrata, and the already known new that its CEO, Mick Davis, is to leave has triggered fears that without retentions, the key Xstrata staff will abandon Glencore Xstrata.
Lender avarice drove desperate miners
Driven to desperation by spiralling debt, South Africa's miners had no option but to turn to strike action, according to a study by Unisa's Bureau of Market Research.
Anglo says Revuboe too small for own rail, port
Anglo American says it will look to share existing infrastructure for its 10 million tonne/year Minas de Revuboe project in Mozambique once it has consummated the $555m transaction.
Davis warns of risks after retention pay foiled
Xstrata shareholders supported the merger with Glencore but declined paying retention packages - a development Mick Davis, Xstrata CEO, said posed a risk to the combined entity.