Labour, uncertainty kills Platfields deal
LONG-RUNNING talks between platinum exploration company Platfields and an international funder have ended, raising the possibility that a rights issue may be required to ensure the future sustainability of the company.
Platinum offer ‘won’t break strike’
A REVISED offer tabled by the world’s three biggest platinum producers, aiming to end a three-month strike, will be insufficient to get negotiators to a settlement before the elections on May 7, said Investec Asset Management.
Amplats, Implats offer R12,500/m by 2017
South African platinum firms have offered to meet AMCU's R12,500 per month basic wage demand by 2017 in a move they said they could "ill afford".
5 urgent ‘to-do’s’ on Eskom CEO’s worry list
What to do about a state-owned utility called Eskom is the subject on everyone's lips again. First off, appointing a CEO. Secondly, addressing these crucial issues ...
R&E to put PwC R150m deal to shareholders
Randgold & Exploration is to close another chapter on its infamous corporate past in a proposed deal with PwC which it alleged had failed to spot misappropriations.
Master Drilling welcomes mechanisation talk
Master Drilings says strike activity in South Africa is obviously unhelpful but it may have some positive spinoffs if it results in mechanisation.
Aquarius unveils hefty discount in $225m offer
Shareholders in Aquarius Platinum will now deliberate over whether to accept the 66% discount offered today in a 2:1 rights offer aimed at destressing the balance sheet.
Glencore bids $1.35bn for Chad oil, gas
Glencore Xstrata has underlined its appetite for Africa risk after bidding a cash premium for an oil and gas exploration firm in Chad - the world's seventh poorest nation.
Pt may stage short-lived rally to $1,600/oz
Standard Bank said the price of platinum could rally in the absence of a wage deal, but generally speaking the metal would bump along the bottom for 2014.
Palladium ETF to ride metal supply fears
Absa Capital's latest addition to its ETF suite is a palladium product it expects will attract a similar investor that has scooped up a million oz of its platinum ETF.