GFMS: wage talks won’t hurt platinum supply
The global supply of platinum is expected to rise slightly this year, with upcoming wage talks in South Africa not expected to have a big impact, says research firm GFMS.
Tongon delivers for Randgold
The Tongon gold mine in troubled Cote d'Ivoire has delivered the goods for Randgold Resources despite the near civil war that erupted in the country.
Silver could top 2011’s precious pack
Platinum is drawing investment as a financial asset and palladium boasts an enviable market balance, but silver could top the precious pack this year, says GFMS's Philip Klapwijk.
Namibia’s rights plan for future finds only
Namibia's plan to hand mining and exploration rights to a state-owned firm will only be applied to future mineral discoveries, according to a news report.
Rio Tinto cautious over volatility
Rio Tinto expects global markets to remain fragile in the near term and sees itself in a strong position to weather any turbulence, says its chairperson.
Num, Implats set for showdown over wages
The National Union of Mineworkers is demanding a 14% pay rise for its members at Impala Platinum, more than triple the official inflation rate.
Aquarius finally snares Booysendal
It has taken years, but Aquarius Platinum CEO Stuart Murray has pulled off the deal he had predicted would eventually take place over the Booysendal South platinum deposit.
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.