Mugabe comments hit platinum miners
Shares in platinum miners with operations in Zimbabwe plunged after President Robert Mugabe said he would press on with plans to sell 51% of foreign firms to locals.
‘Lower steel prices won’t up SA output’
A consultant for Kumba says lower steel prices will have no significant effect on manufacturing in SA, refuting claims by the trade and industry department.
Zimbabwe gets heavy on indigenisation
The publication of a timetable for Zimbabwean mining indigenisation has put the cat among the platinum pigeons, with Impala and Aquarius investors running for cover.
Pallinghurst’s lacklustre share price
Pallinghurst Resources is getting things right at the operating levels of its various interests and its NAV is rising, but the share price is yet to reflect this.
Zim plan wrecks Aquarius shares
Shares in Aquarius Platinum have tumbled amid Zimbabwe's plans to force companies to sell 51% of local assets to indigenous people.
Wesizwe to probe Ngculu bonanza
Wesizwe Platinum is to probe whether prominent ANC politician James Ngculu should benefit from an empowerment trust.
Vale CEO’s ‘days are numbered’
Vale's CEO Roger Agnelli says he is not involved in choosing who runs the Brazilian mining company, while local media reports that the company's shareholders have already agreed he will leave.
Simmers takeover goes ahead
Former Harmony CEO Bernard Swanepoel is firmly back into mainstream mining following overwhelming shareholder approval for the reverse takeover of Simmers by Village Main Reef.
BHP in iron ore and coal deals
BHP Billiton has approved $9.5bn of capital investments to expand Australian iron ore and coal mining projects.
Amsa sees Sishen arbitration in 2012
ArcelorMittal SA says it expects arbitration proceedings in its dispute with Kumba Iron Ore over a Sishen mine to be heard only early in next year.