Cutifani warns of ‘heavy-going’ in 2014
Anglo American's Mark Cutifani said lower output at key assets meant a tough 2014, but an asset review was complete with $1.3bn in cash flow uplift identified.
Amplats eases losses, signs with NUM, UASA
Amplats said it would report improved full-year results, and that it had signed a new wage agreement with the NUM and UASA.
Equatorial to clinch $230m funding in 2014
Equatorial Resources CEO, John Welborn, said equity investment or an offtake agreement were two options by which its iron ore project would be funded next year.
Sibanye in R400m knockout bid for Wits Gold
Neal Froneman, CEO of Sibanye Gold, has finally swooped landing a R400m blow for struggling gold exploration and development company, Wits Gold.
PTM in $164m issue as waits on debt
Platinum Group Metals said it had raised C$175m in a share issue in the wake of its 26% investor pulling out of the proposed Western Bushveld Joint Venture.
Cutifani to defer on fireworks in Dec 12 update
Mark Cutifani, CEO of Anglo American, will keep an investor update focused on organisational changes rather than big ticket restructuring plans, analysts said.
VMR unmoved by fresh Tau Lekoa bid
Renewed attempts to prise Tau Lekoa from Village Main Reef has left CEO, Ferdi Dippenaar, unimpressed.
Glencore Xstrata integral to SA coal fortunes
The listing of Glencore Xstrata in Johannesburg affords analysts an opportunity to see with more detail how closely tied up the firm's fortunes are with the economy.
Eskom fears resurface as Dames resigns
Brian Dames, CEO of Eskom, is to leave the company in March with financial, operational and capacity pressures as omnipresent for the power utility as ever.
Eskom, Anglo to seal deal on New Largo
Eskom said it expected to clinch a 16mtpa coal supply deal for its R118.5bn Kusile power station with Anglo American's proposed New Largo colliery.