Harmony to “cure” price deficiency in New York
Harmony Gold is to consider the merits of a reverse stock split in order to keep its shares trading on the New York Stock Exchange following a 64% value decline.
11 mining firms join list of polluters: CER
20 mining companies failed to honour environmental obligations showing that the JSE's Socially Responsible Investment Index was not fit for purpose.
Amplats, Sibanye agree R4.5bn Rustenburg sale
Sibanye Gold enters the platinum industry offering to pay R1.5bn upfront either in shares or cash whilst Amplats gets 35% of cash flow generated after capex.
Amplats in fresh round of Atlatsa re-financing
Amplats said it would refinance Atlatsa's Bokoni Mines ahead of selling its 49% stake while Lonmin had not triggered a pre-empt over the Pandora joint venture.
Platinum deficit to be higher in 2015
The deficit in the world platinum market would widen further in 2015 than previously anticipated, said the World Platinum Investment Council.
Glencore to axe debt $10.2bn, cuts dividends
Glencore to cut its next two dividends and issue equity in an effort to cut cash out by $10bn and lower net debt to the low $20s bn to protect its credit rating.
Glencore to relent on divvy if market lifts
Glencore said it would not hesitate to restore dividends if the market Doomsday scenarios - as feared by some shareholders - failed to materialise.
ARM cuts capex R500m, defers Modikwa project
African Rainbow Minerals is the latest of the world's mining companies to take the knife to its capital spend programme.
Impala to raise R4bn in book-build
Impala Platinum said it would raise R4bn in an equity raising in order to shore up the balance sheet following a year in which cash fell 39.5% to R2.6bn.
SA platinum cuts under-estimate the urgency
Impala Platinum's 180,000 ounces output cut is evidence the SA platinum sector is responding to market conditions, but do the reductions go far enough?