Northam bets platinum can only get better
Northam Platinum's empowerment deal is bold and could presage exciting times for shareholders. But it's worth remarking it's not the risk-free. Far from it.
Lazarus Zim, a man resurrected
Two years ago, Lazarus Zim went to ground following the collapse of his Afripalm Resources. Today, he's back atop Northam Platinum's latest BEE incarnation.
Randgold back in black as debt blitzed
Randgold Resources generated enough cash in the third quarter to pay its RCF and said it was on target to produce a maiden one million ounces in gold this year.
Anglo to wait a year for De Beers credit
Anglo American CEO, Mark Cutifani, expected it would take more than a year before credit for De Beers' performance was factored into the UK firm's share.
Briggs chides Kusasalethu as ponders change
Harmony Gold said worker attitudes and absenteeism were some of the problems that had to be tackled at its West Rand mine, Kusasalethu.
Ivanhoe wins Platreef permit, halts job cuts
Ivanhoe Mines would not proceed with the retrenchment of employees at the Platreef project after the South African government awarded it a mining right.
Wescoal agrees 50.1% Eskom BEE tie-up
Wescoal Holdings was among the first of South Africa's publicly-listed coal producers to agree to sell Eskom coal from an entity controlled by black interests.
Transnet weighs strategic coal as force majeure
Transnet is in talks with coal exporters over viewing developmental pricing as a force majeure event that would affect its take-or-pay agreements on the coal line.
AngloGold may ‘call’ $1.25bn bond in 2016
The gold firm has targeted debt reduction of $1bn in three years and may buy back its 8.5% 2020 bond. Asset sales seems a nailed-on certainty, however.
PTM ditches debt for C$150m in notes
The Canadian firm will finance the balance of its Western Bushveld Joint Venture with a $150m note issuance - its second foray into equity markets in a year.