Glencore sees opportunities in volatility
Commodities trader Glencore has posted a 50% rise in first-half profit and says it sees potential opportunities emerging from the current market turbulence.
Strikes helping Eskom
Strikes in the metals and mining sectors and brief snaps of winter have taken significant pressure off Eskom during the coldest months of the year, says CEO Brian Dames.
ANC plans to dig deep on mine overhaul study
The ANC plans to complete by the end of the year a study on how to use its vast mineral wealth to fight widespread poverty.
Mines BEE target met, says Chamber
The Chamber of Mines says black ownership among its members averages 28% and already exceeds state-mandated targets.
State reviews penalties on mining charter
Government is reviewing its mining law to strengthen the penalty provisions for non-compliance of the mining charter, says an official.
Gold slides 3.5% as investors cash in gains
Gold has surrendered gains to fall 3.5%, as above-consensus US economic data lift stock markets.
Dividend bonanza for BHP backers
BHP Billiton has appeased shareholders who are looking for a slice of the diversified miner’s record cash flows, rebasing its final dividend by 22%, paying out 55 US cents per share.
Rail may be split from Transnet: report
The rail operations of state-owned freight logistics group Transnet may be split into a separate firm, reports Business Day.
Harmony looks again at listing Evander
Harmony is once again considering a separate listing for Evander, because of the rocketing gold price, which also has major implications for the funding of its Wafi-Golpu project.
BHP posts record profit, boosts dividend
BHP Billiton has delivered a record second-half profit, driven largely by soaring prices for iron ore, allowing it to award investors a big hike in dividends.