Amplats slides on gloomy forecast
Anglo American Platinum says its interim’s earnings will be lower by 20% or
more, sending the group’s shares on a downward slide.
ANC fails to end regulatory confusion
The ANC policy conference has failed to end uncertainty over policy and
regulatory issues that the mining industry was hoping would be put to bed.
Business warns ANC: be clear!
Business leaders attending the ANC’s policy conference have appealed for
certainty and warned that a lack of clarity may lead to a plunge in business
confidence.
Metals boost if Europe rethinks austerity: Stanlib
Austerity failed to save Europe, which is why it must rethink smarter policies
with the emphasis on infrastructure spend, says Stanlib senior economist, Kevin
Lings.
Dip in ferrochrome benchmark price
The European benchmark ferrochrome price for the third quarter has been
settled at $1.25 per pound: a 7% decrease from the $1.35/lb of the current
quarter.
Gold One to wait longer for Ezulwini
Gold One International’s acquisition of First Uranium's Ezulwini will take a month longer than initially planned and is now due to be finalised by July 31.
Spotlight may fall on Glencore’s SA dominance
A merger of Glencore and Xstrata would build dominance in South Africa’s coal
market that should surely attract the attention of the competition authorities.
De Beers defers June rough diamond sales 50pc
The question is whether an uninspired market will be able to mop up the
deferred sales later in the year which is shaping up to show a 7% decline in
diamond sales for De Beers.
Shanduka finalises Glencore coal deal
Shanduka Group has finalised the increase of its shareholding in Shanduka Coal
to 50.01% from 30% previouly, the company says.
Govt to rebut UN Mapungubwe criticism
Coal of Africa's Vele mine is at the centre of more controversy as the UN
criticises South Africa's permitting regime at a World Heritage Committee
meeting.