Glut of cheap debt giving miners heartburn
A glut of cheap debt that was made available the world financial crisis is hurting mining firms who gorged on it, analysts say.
Volatile Lonmin reflecting option value
Shares in Lonmin continue to be volatile with the stock regaining more than 70% of its value in seven days - a movement that may reflect its option value.
Wescoal holds div, issues shares amid cash strain
Wescoal Holdings said it would not pay a final dividend and would raise up to R81m through a rights issue whilst is sought a long-term supply deal with Eskom.
Sibanye bids R4bn for Aquarius Pt
Sibanye Gold has bid R2.66/share for Aquarius Platinum taking platinum group metal production to over one million ounces a year.
Sibanye’s Aquarius tilt faces investor push-back
Shares in Sibanye raced up 8.7% after announcing its third deal in about a month - a sign that its bid for Aquarius Platinum may be on the cheap.
Glencore seeks to calm share helter-skelter
Glencore was unaware of any reasons why its stock soared in Hong Kong amid speculation that the $20bn company was partial to a takeover.
SA diamond sector dying on the vine
South Africa's diamond sector - which should be a feather in the cape of the government's beneficiation policy - was withering to extinction, experts say.
NUM to call coal sector strike from Sunday
The National Union of Mineworkers would continue negotiating with coal producers but if matters were unchanged a strike would be called on October 4.
AMCU adds sour note to gold sector wage deal
Joy and trepidation for South Africa's gold sector today as unions accept a 13% wage increase except the Association of Mineworkers & Construction Union.
Resgen battle takes sinister turn
Resource Generation said shareholders had breached confidentiality agreements by using information aiming to overhaul the board.