Implats fires 13,000 workers
IMPALA Platinum , the world's second largest platinum producer, said on Thursday it had dismissed 13,000 employees, bringing to 17,200 those sacked since the start of a labour dispute almost two weeks ago.
Anglo rallies on takeover, SA policy talks
Anglo American may be in the sights of a combined Xstrata/Glencore entity, analysts
say, although some caution it is too early to predict such a move.
Glencore said to be near deal with Xstrata
Glencore International is nearing an agreement to combine with Xstrata in a deal that may value the combined entity at $82.46bn, reports Bloomberg.
NPC revives coal export permit debate
Eskom is negotiating with suppliers to secure future coal supply, but failure to
advance talks should be dealt with by export regulation, a National Planning
Commission member has said.
BHP Billiton sells out of Richards Bay Minerals
BHP Billiton is selling its stake in titanium producer Richards Bay Minerals to partner Rio
Tinto; a move that is part of its strategy to exit the titanium sector which it deems
non-core.
Juniors hold key to Eskom coal deficit
Eskom's Dan Marokane said domestic coal supply from 2018 remained an urgent
issue, but that consolidation in South Africa's junior mining sector could help bridge
the deficit.
Implats starts to dismiss ‘no shows’
Workers who did not report for duty at Impala Platinum Holdings Rustenburg mine on Wednesday will be dismissed, says the company.
Anooraq appointee presages Anglo’s ‘new deal’
Dawid Stander will be MD of Anooraq Resources' Bokoni Platinum Mines as it enters
"an exciting growth phase" - a sure hint that a refinancing deal with Anglo American
Platinum is imminent.
Diamond prices have stabilised, says Petra
Rough diamond prices have now stabilised, according to Petra CEO Johan Dippenaar,
but Numis Securities reckons the drop in the second half of 2011 was worse than
expected.
Rio Tinto accepts Chinese offer for Kalahari
Rio Tinto has accepted China Guangdong Nuclear Power Corp's bid for its 11.1% stake in Kalahari Minerals.