Gold Fields’ R2.5bn book-build may presage other raisings
GOLD Fields is to issue shares worth R2.5bn which it will use to reduce debt after buying a portion of some $1bn (R15bn) in...
Sibanye platinum bids win Competition Tribunal approval
SOUTH Africa's Competition Tribunal gave its vote of approval to Sibanye's proposed takeover of Rustenburg Platinum Mines from Anglo American Platinum (Amplats) as well...
AMSA hikes steel price 11% as it haemorrhages R300m/month
ARCELORMITTAL South Africa (AMSA) announced steel price increases of up to 11% - more than double inflation - in an effort to keep its...
High Court to mull Scholes’ plan to nuke mining charter
MEDIATION between South Africa's Department of Mineral Resources (DMR) and the country's Chamber of Mines (CoM) may be the quickest route to settling differences...
Glasenberg detects flickers in market after chastening year
IVAN Glasenberg, CEO of Glencore, made the interesting admission in question time following the group’s full-year results presentation that perhaps the Swiss-based group was...
Slippage in R6bn Makhado funding “not a catastrophe”
Coal of Africa (Coal of Africa) CEO, David Brown, said a slippage in the development of its R6bn Makhado project owing to funding difficulties...
Amara Mining would resist higher takeover offer
AMARA Mining would be unlikely to recommend to shareholders a higher offer for the company because its proposed merger with Australian firm, Perseus Mining,...
ARM ponders copper, platinum cuts; investment in Kumba
AFRICAN Rainbow Minerals (ARM) intends carrying out further cutbacks and workforce reductions on its copper and platinum operations as depressed commodity prices dropped the...
Amplats to tell unions that 2016 will be another tough year
ANGLO American Platinum (Amplats) CEO, Chris Griffith, doesn't expect the lengthy disruption of 2014 when his company sits down to wage negotiations with unions...
WCC’s Miller falls on sword amid fresh takeover attempt
FAILURE to sign a takeover agreement with Sibanye Gold cost Waterberg Coal Company (WCC) CEO, Stephen Miller, dear after it was announced today that...