South32 will offer JSE investors mid-cap choice
The listing of South32 on the JSE will see it slot into the scarcely populated mid-cap mining space currently occupied by Exxaro Resources, but few others.
Platinum stocks to fall 8% in 2015
Platinum inventories, blamed for suppressing the platinum price, would fall again in 2015 as the market remained in a supply deficit.
Lonmin, Impala may return to debt, equity markets
Impala may struggle to finance its R30bn capital programme while Lonmin was delaying the inevitable by failing to address its cash burn, analysts said.
Northam R2.5bn book-build augurs well for BEE
Shares worth R2.5 owned by ENRC in Northam were placed with investors at the slimmest of discounts - an outcome the firm said augured well for its BEE deal.
Miners may test SA Govt’s BEE charter in court
End-March currently stands as a critical moment for the SA mining sector as a government report about the status of the 10-year BEE process falls due.
Sasol in Eskom power talks, weighs LNG plan
Sasol said it was seeking three- to five-year power purchase agreements with Eskom, and said it was discussing an LNG plant with government departments.
RoC, Exxaro to return Mayoko to drawing board
Exxaro said it and the Republic of Congo would be realistic about building Mayoko as iron ore is trading $20/t below the level at which the project was benchmarked.
Exxaro to revise GMEP after latest Eskom snafu
Exxaro Resources said it would revise the configuration of its R10bn Grootegeluk expansion following the delay in synchronisation of Eskom's Medupi power station.
Assmang hooks ferroalloys smelter
Assmang, a joint venture between ARM and Assore, is to bring the curtain down on its last ferroalloy smelter in Machadodorp following a strategic review.
Transnet says won’t budge on Glencore tariff
Transnet chief negotiator on rail tariffs said Glencore was just trying to get the government firm to compensate it for the decline in the coal price.