Glencore to buy Mercuria stake
Glencore, the Swiss trading house, has entered into an agreement to buy Mercuria Energy Asset Management's 5% stake in Optimum Coal Holdings.
Nationalisation dead in water: Godsell
Bobby Godsell, speaking in Toronto, said nationalisation could not be afforded and required changing South Africa's Bill of Rights.
ANC cripples Malema nationalisation drive
Julius Malema, president of the ANC Youth League, has been suspended from the organisation for five years, raising questions about whether nationalisation will dominate its policy-making conference.
Anglo snubs Codelco in $5.4bn Chilean deal
UPDATED: Anglo American has sold a 24.5% share of its Chilean operations in a bid to
negate the eventuality of that country’s state-owned Codelco taking a significant
stake in those assets.
Julius Malema on full pay until appeal
ANC Youth League leader Julius Malema has to "vacate his position", says the party's national disciplinary committee.
Cabinet approves beneficiation guidelines
Cabinet has approved implementation plans for the minerals beneficiation strategy, says government spokesman Jimmy Manyi.
Optimum secures R2.2bn in credit
Optimum Coal Holdings said it had secured a R2.2bn revolving credit facility for "potential acquisitions" with Rand Merchant Bank.
Gold Fields delivers record earnings
Gold Fields has reported record earnings for the September quarter, but the numbers were boosted by greater attributable gold production from West Africa following the take-out of minorities.
BHP affirms SA commitment before MPs
BHP Billiton has told parliament the company is committed to South Africa and that its ongoing investment in the country is proof of that.
S&P warns on Anglo debt risk
Ratings agency, Standard & Poor's, has said Anglo American's debt was at risk if it didn't receive funds from the anticipated deal with Codelco over Anglo American Sur.