TFR seeking R40bn outlay for rail line
Transnet Freight Rail wants to build a new heavy haul rail line to replace the route it is currently upgrading for new coal from the Limpopo province.
Aurora’s Zuma, Mandela granted time
Zondwa Mandela and Khulubuse Zuma and other directors of Aurora Management Systems are expected to get more time as they fight R1.8bn in legal claims.
Pay day for BHP Billiton directors
Directors of BHP Billiton cashed in last week selling shares after the group posted a 23% improvement in earnings but passed up the chance of a share buy-back.
Sibanye can pay R1bn dividend to 2028
Sibanye Gold CEO, Neal Froneman, is still trying to convince some sceptics that shareholder returns will trump empire-building.
Gold Fields lifts spirits with 20c/s dividend
Bumped and scraped by legal and regulatory events, Gold Fields proved it still has the ability to bring cheer to shareholders paying an interim dividend.
Exxaro parlays diversification into coal exports
Bruised by its R5.7bn foray into the Congo's iron ore sector, Exxaro said it would stick to its diversification strategy but placed the emphasis on optimising its coal resources.
Glencore wins plaudits for $1bn buy-back
Glencore CEO, Ivan Glasenberg, also said the group would continue to focus on shareholder returns if it couldn't find attractive acquisition or organic growth.
BHP concedes passing buy-back “a sore point”
BHP Billiton acknowledged that passing on plans to buy-back shares left some shareholders sore especially as they may be handed shares in a Newco they can't keep.
Gold Fields sells Peru’s Chucapaca for $81m
Gold Fields continued to exit greenfields gold projects saying it had sold its Peru venture to joint venture partner, Buenaventura.
BHP unveils $10bn big bang demerger
Graham Kerr, nominated as CEO of BHP's Newco, says the yet-to-be approved demerger does not represent divestment from Africa.