IPO gives Glencore $60bn price tag
Commodities trading house Glencore has priced its long-awaited public offering at between 480 and 580 pence per share, valuing the company at $60bn at the mid-point of the price range.
Glencore seeks to raise up to $12.6bn
Glencore International has set the price range for its London and Hong Kong IPO, seeking to raise as much as $12.6bn including an overallotment option, according to three sources.
Optimum buys rights to bulk-up Koornfontein
Optimum Coal says it has bought two prospecting rights in close proximity to its Koornfontein operations, envisaged to extend Koornfontein’s lifespan by 12 years.
Glencore targets $11bn, draws key investors
UPDATED: Glencore has kept a lid on its aspirations for a much-hyped market debut, targeting proceeds of $11bn after securing record commitments from investors led by Abu Dhabi.
Mineworkers to down tools over safety
THE National Union of Mineworkers will hold a one-day protest over safety in the North-West this weekend, followed by a national day-long strike later this year.
Amsa leaves steel prices unchanged
ArcelorMittal SA says it will leave prices for its products flat this month, but raise some of them in June.
AngloGold sees steep earnings increase
AngloGold Ashanti says it expects first-quarter earnings to triple, following the elimination of its hedge book.
Gordhan bets on mining for job creation
Mining and agriculture have the potential of creating many jobs, says Finance Minister Pravin Gordhan.
Mines department toothless, says union
The National Union of Mineworkers says it has "serious concerns" about the department of mineral resources' ability to regulate the mining industry.
Zambia aims to double copper output
Copper output in Zambia will rise to 2 million tonnes by 2015 from around 900,000 tonnes this year as new mines open and others are expanded, says the country's finance minister.