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Glencore elects book-build for equity issue

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Glencore would issue nearly 10% of its stock of which 78% would be through a book-build programme with management scooping the balance of the shares.

Loots commits Pan African to gold focus

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Cobus Loots, CEO of Pan African Resources, said the firm's recent foray into coal was "a specific opportunity", and that it would stay a gold focused company.

AngloGold teams up with Randgold to redevelop Obuasi

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More than a decade after Randgold CEO Mark Bristow fought AngloGold for control it seems the Obuasi mine in Ghana will now be developed on his terms.

Aquila seeks ‘judicial review’ after appeal fails

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After 20 months, mines minister Ngoako Ramalthodi rejects Aquila Steel's appeal over manganese mining rights - a development that will take both to court.

SA gold mines “mired in crisis” says JP Morgan

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The beneficial effect of the collapse in the rand against the US dollar is not going to be enough to save South Africa's gold mines this time around.

Gold producers make third attempt to end pay impasse

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South Africa's major gold producers have revised their wage offers once more offering higher entry-level wages in a bid to avert an industry-wide strike.

ANC policy review to test limits of SA mining

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The ANC's National General Council will discuss policies related to mining that continue to stretch the limits of what the sector can feasibly provide the economy.

Harmony to “cure” price deficiency in New York

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Harmony Gold is to consider the merits of a reverse stock split in order to keep its shares trading on the New York Stock Exchange following a 64% value decline.

11 mining firms join list of polluters: CER

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20 mining companies failed to honour environmental obligations showing that the JSE's Socially Responsible Investment Index was not fit for purpose.

Amplats, Sibanye agree R4.5bn Rustenburg sale

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Sibanye Gold enters the platinum industry offering to pay R1.5bn upfront either in shares or cash whilst Amplats gets 35% of cash flow generated after capex.