PIC underwrites 25% of Lonmin rights offer
State-owned pension fund, the Public Investment Corporation, is to under-write a further 25% of Lonmin should the rights offer receive the green light this week.
The Yin and Yang of third worst El Nino
Third worst ever El Nino weather system to hit South Africa's shores will affect the country's miners who shouldn't expect a water licence to guarantee of supply.
CoAL sweating on Govt granting water licence
Coal of Africa is still waiting on the South African government to grant it water use licences for its contested Makhado and Vele coal ventures.
“We could have done it better”: Lonmin’s Magara
Costly decisions on mechanisation, new projects and failing to cut production quickly enough were mistakes his and other platinum companies had committed.
Sibanye has interest in Anglo coal assets
Sibanye Gold said the coal assets of Anglo American fit the bill in terms of extending its footprint in South Africa's energy industry.
PIC chided for risky business in Lonmin offer
Neal Froneman, CEO of Sibanye Gold, asked why the PIC was investing pension funds in Lonmin which was "a risky" investment.
SA jeopardises third China mining deal
South Africa's mineral resources shadow minister, James Lorimer, said the government was at risk of frustrating a third Chinese investment in mining.
Lonmin write down an omen of stricken sector
Lonmin's announcement that it would write-down up to R2.05bn in assets would be the first of many in the stricken platinum sector, analysts said.
IDC resolute on $5bn steel mill for South Africa
Geoffrey Qhena, CEO of the Industrial Development Corporation, said the bank would press ahead with a $5bn steel mill lest the country be caught napping.
Eastplats sale to Chinese stalls amid bust-up
Eastern Platinum conceded that its chances of selling its South African assets to a Chinese company hinged on the buyer resolving shareholder differences.