Home News Page 1203

News

Anglo American CEO slams nationalisation

0
Anglo American CEO Cynthia Carroll has derided nationalisation as an economic policy that - drawing on the group's prior experiences in Zambia - "simply does not work".

SA remains coy to fiddle with rand

0
South Africa will not be making "inappropriate short-term" responses to weaken the rand as this will hamper longer-term economic growth, says finance minister Pravin Gordhan.

Moody’s takes a shine to AngloGold

0
Moody's expects the elimination of its hedge position will boost AngloGold Ashanti's future operating profitability and cash flow generation.

Majali to appear in court

0
Alleged corporate hijacker Sandile Majali, who was at the centre of the Oilgate scandal, is expected to appear in a Johannesburg court.

Aquarius Platinum looks at listing Mimosa

0
Mimosa - the Zimbabwean platinum producer jointly owned by Aquarius Platinum and Impala Platinum could be listed on the Zimbabwe Stock Exchange.

Supply fears hurt Amsa sales

0
ArcelorMittal SA CEO Nonkululeko Nyembezi-Heita says jitters over the stability of iron ore supply may have prompted the group's South African customers to source steel from abroad.

Law to nationalise mineral rights – critics

0
New legislation will remove the final reference to privately held ownership of minerals, in effect nationalising mineral rights, critics say.

Transnet commits to expand coal exports

0
Transnet has committed to increasing coal export capacity on the Richards Bay coal line to 81mt/year by 2014 provided it gets take or pay contracts with the coal exporters.

BlackRock bullish on copper, iron ore

0
BlackRock Inc, the world's largest money manager, is overweight copper and also favours iron ore, says the firm's resources-division chief.

Num: revoke Pamodzi Gold liquidation

0
The Num says it is concerned that assets at Aurora's mines are being sold as scrap, saying the "obviously failed" liquidation of Pamodzi Gold should be nullified.