Firestone to review R300m Tata Power offer
Tata Power has proposed taking a 30% stake worth R300m in Firestone Energy
and Sekoko Resources' Waterberg Coal Project - a "highly conditional" offer
now under review.
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.
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.
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.
Merafe says chrome export duty imminent
An export duty on chrome ore would help stop the slide in South Africa’s
market share of ferrochrome and protect jobs, Merafe Resources CEO Stuart
Elliot said.
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.
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.
Exxaro forms IPP with India’s Tata Power
Exxaro Resources has taken its first steps in developing an energy division by
forming a joint venture to establish an independent power producer with
India’s Tata Power.
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.