Eskom’s Molefe heartened by yield turnaround
Eskom bond yields relative to Transnet have narrowed significantly this year which is evidence the power utility is stabilising its financial position.
CoAL launches R1.29bn bid for Universal
Coal of Africa has bid cash and shares for the 4.5 million tonne/year coal producer, Universal Coal, trumping an earlier offer by IchorCoal.
Jury ousted as Resgen investors stage coup
Resource Generation shareholders Altius Investment Holdings and Noble Resources kick out CEO Paul Jury and overhaul the coal development firm's board.
Pan African slashes net debt R251m
Pan African Resources slashed net debt and would pay a R210m dividend by accessing its R800m revolving credit facility.
Slump will force Anglo, BHP dividend switch
Analysts believe that in order to conserve cash, retain credits ratings the world's largest mining firms will sooner or later have to change dividend policies.
Executive pay vote shows Wescoal has work to do
Shareholders voted down a resolution for non-executive pay at Wescoal Holdings demonstrating that it has work to do in structuring the board correctly.
Pan African will protect rights in IFM rescue
Cobus Loots, CEO of Pan African Resources, said he would protect the firm's contract to treat the tailings of International Ferro Metals now in business rescue.
VW fallout ‘greatly over-stated’ for platinum
The World Platinum Investment Council said there was as much upside as downside following the Volkswagen scandal on diesel engine autocatalysis.
Downgrades for miners as tailspin set to persist
Earnings downgrades of major mining companies is inevitable as there's no evidence yet of the sector pulling out of its tailspin.
Transnet takes loco capital spend to R46bn
Transnet raised R12bn from a club of South African banks and investors as part of its 1,064-strong locomotive capital programme.