Sibanye cuts Stillwater rights issue to $1bn as conditions improve
SIBANYE Gold confirmed today it had received US regulatory approval for its $2.2bn bid for Stillwater Mining and said it would restrict the rights...
South32 M&A push frustrated after Metropolitan deal abandoned
SOUTH32 has pulled the plug on a proposed $200m acquisition of the Metropolitan Colliery and 16.67% stake in the Port Kembla Coal Terminal from...
Pan African R705m book-build “materially over-subscribed”
PAN African Resources today completed a R705m book-build programme after placing 291.5 million shares - roughly 15% of the firm's shares in issue -...
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...