BHP rebuts Elliott proposal arguing it would destroy $1.3bn in value
BHP Billiton delivered a robust rebuttal to calls by activist investor Elliott Management that it simplify its structure, saying the proposals could "... destroy...
Zuma reshuffle hits Exxaro which suffers S&P downgrade
THE controversial cabinet reshuffle by President Jacob Zuma on March 31, which included the firing of finance minister, Pravin Gordhan, took its first direct...
Lonmin, Amplats reap benefits of rand hedge status … for now
WITH a second credit rating downgrade for SA confirmed, it might be worth weighing up the pros and cons of the recent resuscitation of...
Bid for New Largo would be a different kettle of fish...
UK-listed firm Petra Diamonds built a business out of buying the assets De Beers no longer wanted to operate whilst for the Anglo company,...
Eskom raises question over Anglo coal deal with Seriti Resources
ESKOM is to seek a meeting with Anglo American regarding the R2.3bn sale to Seriti Resources of three coal mines that exclusively supply the...
Anglo sells Eskom mines to Seriti Resources for R2.3bn
ANGLO American has agreed to sell its Eskom-dedicated thermal coal mines to Seriti Resources Holdings, a company led by Mike Teke which said the...
South32 signs $30m option over Alaska copper prospect
SOUTH32 has again turned northwards in its search for diversification signing an option agreement with Toronto-listed Trilogy Metals in which it will invest initial...
Pan African to put Evander underground back on its feet
PAN African Resources said it would complete the R40m refurbishment of underground shafts at its Evander Gold Mines in Mpumalanga province by April 15...
Platinum price troughed but recovery to be “slow” and “painful”
APART from Goldman Sachs, which is bearish, analysts are finding reasons to be cheerful regarding the platinum price which has troughed, they believed. However,...
Gahcho Kué: De Beers’ sub-Arctic bet on diamond demand deficit
ABOUT 280km north-east of Yellowknife, the largest town of Canada’s North West Territories (NWT), is Gahcho Kué – a Chipewyan name for ‘the big...