Gold miners again take to hedging
Gold mining companies in the second quarter reported their first consecutive quarterly net hedging in 10 years, says GFMS and Societe Generale.
Exxaro’s ambitious titanium strategy
Competition regulations make it extremely unlikely Exxaro will be able to get its hands on Richards Bay Minerals, but CEO Sipho Nkosi won't rule the possibility out completely.
Metorex regains some lost ground
Metorex shares have staged a small comeback as worries subside over whether its proposed takeover deal by China’s Jinchuan Group is in danger of being terminated.
Amsa plan to buy ICT still on – report
ArcelorMittal SA says it may still buy Imperial Crown Trading to regain a disputed iron ore supply deal, according to news daily Business Report.
RBCT’s Chirwa set to resign
Raymond Chirwa looks set to relinquish his position at Richards Bay Coal Terminal after just over two years at the helm.
Jindal to build 2,640 MW Moz power plant
Mozambique granted India's Jindal Steel & Power approval to build a 2,640MW coal-fired power plant in the country's Tete province, says the energy ministry.
Jubilee flogs farm, seeks investor
Anglo Platinum deemed the suitor for minerals owned by Jubilee Platinum's Tjate Platinum Corporation. Jubilee also in talks to attract investor for $650m mine.
Lonmin’s favourable deal on Messina
Lonmin has struck a favourable deal over its mothballed Messina platinum mine, according to JP Morgan Cazenove, but only if Shanduka delivers the goods operationally.
Metorex allays Jinchuan pull-out fears
Metorex says its proposed takeover by Jinchuan is proceeding according to plan, despite a drop in its share price on fears the Chinese commodities giant is having second thoughts.
Zuma speaks out on nationalisation
Nationalisation is not policy but a current debate, President Jacob Zuma has said at a business function hosted by newspaper The New Age.