DRDGold in R111m bond issue
The JSE has granted DRDGold a listing for a domestic medium-term note
programme, paving the way for the gold miner to raise R111m.
More delays to mining law revision
A member of parliament’s portfolio committee on mineral resources has poured
cold water on expectations that the long-anticipated revision of SA’s mining
legislation will be finalised by year-end.
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.
Platinum workers dig in uncertainty
The scaling down of operations at Aquarius Platinum’s Marikana Shaft 4 has
brought uncertainty to the local economy of the community where the mine is
based.
Watchdog approves Petmin’s SamQuarz sale
The Competition Tribunal has approved Petmin’s R259m transaction to dispose
of the SamQuarz silica mine.
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.
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.