Sibanye lights up subdued SA gold sector
Sibanye Gold's cash generating ability heightened the prospect of a dividend, and
shed light on a be-dimmed gold sector pressured by a falling gold price.
Keaton boosts 2013 thermal coal output
Keaton Energy said production at its flagship Vanggatfontein colliery improved 58%
in its 2013 financial year, a period characterised by strikes and power supply
problems.
Pan African’s R1.5bn Evander bet is safe
Evander Gold Mines would flourish at R100,000 per kilogram, says Ron Holding,
joint CEO of Pan African Resources which bought the asset in February for R1.5bn.
Davis appoints Goldman Sachs
Mick Davis has appointed Goldman Sachs to assist him in creating a private equity
company, according to report in the Sunday Times.
SA carbon tax baffles critics who look to EU
The National Treasury's second policy paper on carbon taxes comes at a time when
the European governments are relenting on taxes in order to stimulate their
economies.
Harmony rings in austerity cuts worth R1.8bn
Harmony aimed to slice R800m off corporate and operating costs and a further R1bn
would be cut from the development bill of its Wafi-Golpu project in 2014.
Amplats may revisit restructuring plan
Anglo American Platinum may revisit its restructuring plans with potential job losses
as low as 5,000 compared to an earlier plan that would have seen 14,000
retrenchments.
Randgold growth untroubled by gold ‘correction’
Mark Bristow, CEO of Randgold Resources, said the gold market had corrected and
would lead to better businesses while his firm's own growth plans were undisturbed.
SA platinum output unlikely to rebound
Platinum production would be constrained by labour strife, said Thomson Reuters
GFMS which added that a failure to restructure would hurt the platinum price.
Glencore Xstrata is just the beginning, analysts say
The $30bn combination of Xstrata and Glencore was only the beginning of CEO Ivan
Glasenberg's acquisition plans, analysts said.