South32 may launch share buy-back as cash tops $1bn
SOUTH32 has been among the most conservative of the diversified mining firms listed on the Johannesburg Stock Exchange, especially in respect of managing its...
Agarwal investment in Anglo handy for PIC ambitions
IT'S hard to believe Anil Agarwal's investment in Anglo American - achieved through the family investment vehicle - is anything other than the prelude...
Agarwal’s £2bn gambit could put Anglo American into play
ANIL Agarwal's £2bn investment in Anglo American shares, giving his trust - Volcan Investments - a 13% stake in the UK-listed firm, was an...
Motsepe will shut mines rather than bow to misled communities
AFRICAN Rainbow Minerals (ARM) chairman, Patrice Motsepe, has sounded a dire warning over the "highly politicized" interaction between the mining sector and the...
Vedanta’s Agarwal stages surprise £2bn swoop on Anglo shares
ANIL Agarwal, chairman of Vedanta, is to buy a £2bn stake in Anglo American which will make him the second largest shareholder in the...
Proposed MPRDA amendment on small mining unconstitutional
ATTORNEYS say a proposal to amend a section of the Minerals & Petroleum Resources Development Act (MPRDA) so that small mining is restricted to...
GEM targets cash flow in 2017 after suspending dividend
GEM Diamonds is to prioritise cash flow generation in the current financial year after a torrid time in 2016 in which it mothballed its...
CoAL brings curtain down on legacies, sets about acquisition
This is an update of an article published on March 14 which erroneously stated Coal of Africa was short of funding to settle an...
Glencore sells Rosh Pinah, Perkoa to Trevali for $400m
GLENCORE is to sell two zinc mine in Africa for $400m to Trevali Mining Corporation, a Canadian listed company with ambitions to become a...
Panaf confirms 976 face chop at Evander as rand crushes margin
PAN African Resources (Panaf) confirmed up to 976 employees at its Evander Gold Mines would be retrenched after the firm served a Section 189...