IDC resolute on $5bn steel mill for South Africa
Geoffrey Qhena, CEO of the Industrial Development Corporation, said the bank would press ahead with a $5bn steel mill lest the country be caught napping.
Lonmin to issue shares at deep 94% discount
Shares in Lonmin would be sold for 21.4 cents - a 94% discount - in terms of its $400m rights offer that nonetheless paves the way for $370m in debt refinancing.
Safety blunders smack AngloGold SA output
AngloGold Ashanti took its eye of the ball in the September which resulted in five fatalities and a loss of gold production.
SA gold wage deal was bitter-sweet: Venkat
Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, said the recent gold wage settlement was not what the industry wanted, but it had upside as well.
Shanduka swears committment to Incwala
Shanduka said it remained committed to its investment in Incwala Resources through which it has a 9% investment in debt-laden platinum miner, Lomin
Finger of blame for market crisis falls on CEOs
Investors said the current problems in the metals market were almost exclusively down to ill-judged capital allocation by poorly regulated executives.
Platinum mines may run short of water in 2016
Consulting engineering company, SRK, raised the risk that South Africa's platinum firms may start to run short of water next year if the country's drought persisted.
Shanduka to abandon 9% Lonmin stake
Lonmin's BEE partner Shanduka said it will walk away from its stake in the company, which is held through Incwala Resources.
Harmony to zap R2.7bn debt pile in two years
Harmony Gold hopes to be debt-free when it sets about funding its Golpu project in about two years time.
Randgold “still scrambling” at Obuasi
Randgold Resources CEO, Mark Bristow, said it was impossible yet to call whether the UK firm would take on the joint recapitalisation of AngloGold's Obuasi.