Impala to raise R4bn in book-build
Impala Platinum said it would raise R4bn in an equity raising in order to shore up the balance sheet following a year in which cash fell 39.5% to R2.6bn.
SA platinum cuts under-estimate the urgency
Impala Platinum's 180,000 ounces output cut is evidence the SA platinum sector is responding to market conditions, but do the reductions go far enough?
SA gold sector in danger of self-destruction
South African gold producers, like their global counterparts, are not moving quickly enough to ensure the survival of the sector, say company executives.
Auramet makes case for hedging gold
Even in today's gold bear market, the idea of hedging gold is rejected by miners, but shouldn't risk protection have some place?
DRDGold caps off recovery with 10c dividend
DRDGold completed a highly satisfactory financial year paying shareholders a 10 cents per share dividend and may now consider a share buy-back.
Joemat-Pettersson doubts R1-trillion nuclear cost
South Africa energy minister, Tina Joemat-Pettersson, had no idea how a R1-trillion price tag had been attached to the country's nuclear power ambitions.
AMSA to cut 400 jobs, widens business review
ArcelorMittal South Africa confirms plans to retrench jobs at its Vereeniging Works and plans to broaden its business review to Vanderbijlpark.
Sibanye would hike debt R9bn to fund future
Neal Froneman, CEO of Sibanye Gold, said he would take debt to R10bn from the current R1.7bn in a combination of organic and acquisition growth opportunities.
Atlatsa still in financial limbo
Atlatsa is still not in a position to publish its interim financial results as discussions on its future continue with Anglo American Platinum
Lonmin CEO calls for decisive government action
Lonmin CEO Ben Magara has called for decisive action from government to help deal with the grim situation facing the platinum mining industry.