Resgen $539m deal delivers riposte to critics
Resource Generation has delivered a riposte to shareholders who would oust its board lining up $539m in private Swiss money for the Boikarabelo coal project.
IchorCoal will weigh bidding war for Universal
IchorCoal said its offer for Universal Coal was firm and justified but it may weigh its options in the event a rival offer for the Australians emerges as claimed.
SA’s Altius launches Resgen board ouster
Pressure is heaped on Resource Generation CEO, Paul Jury, who agrees to a general meeting at which the chief topic will be his, and his board's, resignation.
SA nuclear plan outdated and unnecessary
South Africa's plans for 10 Gigawatts of base-load nuclear power was based on a plan drawn up in 2010 when the economy was forecast to grow at higher levels.
Glencore savaged as shorts prey on debt fears
Glencore led the way in a dire day's trade for mining stocks with fears about the cost of servicing debt high on the agenda of investors and speculators.
Peak gold due by 2020 as exploration slides
The decline in gold exploration successes could mean a peak in gold production by about 2020, according to a recent report.
Sibanye’s Froneman not tempted by Lonmin
Neal Froneman, CEO of Sibanye Gold, said buying Lonmin would be similar in opting for Harmony Gold as both would command premiums and both carry debt.
Eskom coal contract shift no easy matter
Plans by Eskom away from tied mines to more commercial means of buying coal cannot be done with the flick of a switch, according to Exxaro Resources.
Zuma springs surprise with new mines minister
In a surprise move, Mosebenzi Joseph Zwane has been appointed South Africa's new mines minister.
Zuma playing chess in Ramatlhodi shift
One theory is that South African president Jacob Zuma needs Ngoako Ramatlhodi to shore up his power base in the Limpopo province hence his cabinet reshuffle.