Platinum workers dig in uncertainty
The scaling down of operations at Aquarius Platinum’s Marikana Shaft 4 has
brought uncertainty to the local economy of the community where the mine is
based.
Watchdog approves Petmin’s SamQuarz sale
The Competition Tribunal has approved Petmin’s R259m transaction to dispose
of the SamQuarz silica mine.
Amplats slides on gloomy forecast
Anglo American Platinum says its interim’s earnings will be lower by 20% or
more, sending the group’s shares on a downward slide.
ANC fails to end regulatory confusion
The ANC policy conference has failed to end uncertainty over policy and
regulatory issues that the mining industry was hoping would be put to bed.
Dip in ferrochrome benchmark price
The European benchmark ferrochrome price for the third quarter has been
settled at $1.25 per pound: a 7% decrease from the $1.35/lb of the current
quarter.
Spotlight may fall on Glencore’s SA dominance
A merger of Glencore and Xstrata would build dominance in South Africa’s coal
market that should surely attract the attention of the competition authorities.
Gold One to wait longer for Ezulwini
Gold One International’s acquisition of First Uranium's Ezulwini will take a month longer than initially planned and is now due to be finalised by July 31.
Metals boost if Europe rethinks austerity: Stanlib
Austerity failed to save Europe, which is why it must rethink smarter policies
with the emphasis on infrastructure spend, says Stanlib senior economist, Kevin
Lings.
De Beers defers June rough diamond sales 50pc
The question is whether an uninspired market will be able to mop up the
deferred sales later in the year which is shaping up to show a 7% decline in
diamond sales for De Beers.
Shanduka finalises Glencore coal deal
Shanduka Group has finalised the increase of its shareholding in Shanduka Coal
to 50.01% from 30% previouly, the company says.