Exxaro BEE in R400m loan deal to pay lenders
The decline in Exxaro's shares and income has forced its 52% empowerment partner to seek a R400m loan to settle part of a R3.8bn preference share facility.
Allan Gray nips in as Harmony’s top shareholder
Cape Town asset manager Allan Gray has become Harmony Gold's largest shareholder amid speculation the gold miner is a sitting duck for a takeover.
Amsa may cut output as market hits skids
ArcelorMittal South Africa was seeking to optimisation production between its steel plants but the closure of part of Vereeniging Works was being considered.
Lonmin woe one of many pickles in the debt jar
Miners are struggling to tap capital markets because it's so hard to tell which way the wind is blowing, although Lonmin may have left a rights issue too late.
Mining shares capitulate on day of heavy selling
A difficult day for the major mining shares in a selling action described by analysts has "a capitulation" as market prices outweighed efforts by management.
SA gold sector heading inexorably for a strike
The $100 per ounce slide in the gold price made it more urgent to strike a wage deal but analysts said a strike of one stripe or another appeared to be inevitable.
Kumba cuts dividend as cash to debt vexes
Kumba unveils capital cuts while raising the alarm on EBITDA to debt cover amid a deteriorating outlook for iron ore prices.
Amplats ices projects in R6bn cost saving drive
Anglo American Platinum unveiled a second wave of cost saving in which it would cut capital R600m and delay projects while keeping to output targets.
Amplats IPO keeps pressure on sale process
Chris Griffith, CEO of Anglo American Platinum, said keeping the firm's options open on its non-core assets helped retain "pressure on the process".
Anglo sells Tarmac for $1.6bn
Anglo American provided some cheer in a taxing month saying it had sold a stake in Tarmac for $1.6bn in a move that may even secure the interim dividend.