M&A activity to rebound in 2014: CIBC
Transaction activity could improve in 2014 owing to price stability, base metal demand in China, and pockets of capital seeking bargains, said CIBC World Markets.
Northam tipped to attract claw-back buyers
Despite its strike troubles Northam Platinum is expected to attract buyers to its R600m claw-back offer although the stake eventually held by Coronation will be interesting.
Universal Coal in line for Exxaro’s NCC
Australia's Universal Coal is one of the companies vying for Exxaro Resources' New Clydesdale Colliery.
Northam losses top R360m, sets talks date
Northam Platinum will meet with the National Union of Mineworkers on December 5 in new talks to be convened by the CCMA.
Firestone CEO ousted, WCC tightens grip
David Knox, CEO of Firestone Energy, was not re-elected to the company's board as 45% shareholder Waterberg Coal Company tightened its grip.
Exxaro Mayoko deal “at mercy of politicians”
Exxaro Resources must wait for the Republic of Congo's parliament before it can clinch an important mining convention for its Mayoko-Lekoumou iron ore prospect.
Cash-strapped Sable Pt rings in the changes
Sable Platinum has enough cash until January although a recovery from SARS and a share issue could keep the company alive while it beds down Selebi Phikwe.
Lonmin through worst, but capital calls loom
Ben Magara, CEO of Lonmin, has steered the company well in these early stages, but important decisions loom on capital projects while strikes remain a risk.
Keaton rejigs R182m Xceed bid debt
Keaton Energy is to sell less coal to Gunvor following a loan from Investec that gives it more financial flexibility.
PTM, Africa Wide in BEE dilution dispute
Platinum Group Metals said it was in arbitration over the extent of dilution of its BEE partner, Africa Wide, and that it was still to secure $195m in loan finance.