RBPlat taps market for R1.5bn Styldrift funds
Royal Bafokeng Platinum hopes to raise R900m in a rights issue but will first seek R600m in a book-build in an effort to fund R1.5bn of its R11bn Styldrift project.
Glencore would kick tyres at Total Coal SA
Ivan Glasenberg, CEO of Glencore Xstrata, said the group would look at possible assets, but he stepped back from speculation BHP was selling its SA coal mines.
Petmin seeks NAIC float, unbundling
Mid-tier mining firm, Petmin, says it will float its pig iron development firm as it focuses on its cash-generating coal assets.
AMCU quandry echoes UK coal union finale
The coal miners strike in the UK during the Eighties spelled the end of the union movement in that sector, a high stakes event that has historic relevance for AMCU.
Holland in race against time at South Deep
One view about Gold Fields' Nick Holland is that if the SEC investigation doesn't get him, South Deep will - with the latter the more short-term threat to his tenure.
Africa must grasp $170bn/yr mines outlay
The propeller heads at McKinsey&Co think Africa could bring 540 million people out of poverty by responding properly to $170bn a year in mining investment.
Implats passes dividend as screw tightens
Impala Platinum held the interim dividend has cash fell and net debt rose and as the undoubted pressure of a five week strike at Rustenburg began to tell.
Platinum impervious to strike … for now
The platinum price may well respond if a strike at South Africa's producers were to continue for another month, said Impala Platinum's Derek Engelbrecht.
Gordhan postpones carbon tax to 2016
Finance minister Pravin Gordhan said the carbon tax had been postponed to 2016, delaying its implementation a year in order to allow for refinements.
Govt. working “around the clock” on Coal 3
Public Enterprises minister, Malusi Gigaba, said SA's government had prioritised funding for 'Coal 3' as Eskom's ageing fleet faced closure from 2020.