Xstrata nears Colombian coal miner deal
Xstrata is close to winning the $8bn auction for Colombia's second-biggest coal miner, reports British newspaper The Sunday Times.
Gold One makes up for target misses
Gold One International has bucked the prevailing negative mood on the JSE after posting positive production figures for its December quarter.
ArcelorMittal close to Aperam listing
ArcelorMittal is set to list its stainless steel unit Aperam at the end of January or in early February, according to sources.
Eskom pushes for coal regulation
Eskom CEO Brian Dames has repeated the power utility's call for urgent coal export restrictions, suggesting a formula-based export quota for miners.
Hostile bids set to rise in 2011
Hostile takeover bids are likely to multiply in 2011, as companies aggressively look for value despite notable failures and delays in completing recent unsolicited deals.
RBCT stockpiles ‘almost depleted’
South Africa has joined coal exporters facing shipment delays after three derailments on the line from mines to Richards Bay Coal Terminal brought stocks to very low levels, says industry sources.
Indian state firm targets SA resources
India’s state-owned MMTC is setting up shop in South Africa, with its sights firmly on securing coal and other commodities for the country’s resource-hungry economy.
Eskom warns of looming power squeeze
Eskom CEO Brian Dames says the lack of new power stations may finally catch up with South Africa in 2011.
Tata Steel majority holder in Nippon JV
Tata Steel will hold 51% in its joint venture with Japan's Nippon Steel, aiming to produce 600,000 tonnes a year of cold rolled automotive sheet steel.
Riversdale, Tata in Mozambique power deal
Riversdale Mining and joint venture partner Tata Steel have agreed to fully own the $1bn Benga power plant project in Mozambique, says the mining group.