Motsepe lays out R48m in share deal
In one of the larger share deals accruing to an individual so far this year,
Patrice Motsepe has exercised share options issued by African Rainbow
Minerals.
BHP’s head of iron ore steps down
BHP Billiton's head of iron ore, Ian Ashby, will step down from his position on July 1 after a career of 25 years at the company, says the diversified miner.
Zimbabwe will pay for indigenisation
Zimbabwe would pay market prices for coal prospects developed by foreign
miners, which the government is entitled to control in terms of its
indigenisation laws.
Anglo American launches R4.2bn Zibulo colliery
Anglo American has officially launched its Zibulo Colliery in Mpumalanga, the first major project to be completed under its empowerment company Anglo American Inyosi Coal.
Pallinghurst to pursue “bargain’ rights offer
Pallinghurst Resources has approved a new rights offering for R800m, priced at
around a third of its net asset value, as the company looks to add coal and
copper properties to its asset base.
Mining policies inconsistent – Cutifani
South Africa's macroeconomic policies, particularly those considered for the mining industry, will erode competitiveness and stall investment, says AngloGold Ashanti CEO Mark Cutifani.
Merafe shuts more furnaces over power
Merafe and Xstrata’s chrome venture will temporarily shut down another two of
its 20 furnaces in an extension of its power buy-back deal with Eskom.
Pallinghurst shows its hand on Platmin
Brian Gilbertson has shown why he delisted Platmin late last year, announcing
a consolidation of the company with Pallinghurst and the Bakgatla community’s
other PGM interests in the region.
Finance a challenge for junior miners
Despite steady commodity prices, financing remains a challenge for junior miners, a financing panel told the Reuters Global Mining and Metals Summit.
Keaton on the acquisition path
Keaton Energy says it is on the lookout for new assets, seeking acquisitions to
complement the company’s recent takeover of Leeuw Mining and Exploration.