Glencore in running for Anglo’s Amapa
Glencore is reportedly one of four bidders for Anglo American’s Brazilian iron ore
mine Amapa, which was valued last year at $1.5bn.
SA’s latest gold ETN strips out rand risk
It’s bad enough trying to forecast gold without having to factor in the effect the rand
will have on your investment, says Investec of its newly-launched gold product.
Strike costs Wescoal R10m in Eskom deliveries
A truckers’ strike knocked revenues and profits of Wescoal in the first six months of
its financial year, but the junior still managed solid results.
SA mine trouble to linger as tension bubbles
Some strikes have been resolved; many continue. What is certain, however, is that
the labour discontent of 2012 is set to be a long-standing feature of the industry.
Congo mining code revision not retroactive
A proposed revision of the Democratic Republic of Congo’s mining code, which could
see Government take a 35% stake in projects, would not be applied to existing
mining projects.
Toronto diamond firm mulls JSE listing
Toronto-listed Afri-Can Diamonds, which digs for diamonds off Namibia’s coastline, is
considering a secondary listing in Johannesburg.
Anglo needs more SA managers: Gordhan
Pravin Gordhan, South Africa’s finance minister, says Anglo American has an
"umbilical cord' to the country and ought to draw more of its executive from South
Africa.
CoAL ends Mooiplaats strike, but market bites
Coal of Africa said a six-week strike at its Mooiplaats colliery in Mpumalanga
province was over, but the lower production and poor markets will make to a tough
first half of its financial year.
West Rand Ergo one step closer
Posting an otherwise dire quarterly update on operations, Gold One
International says the scoping study of a proposed surface venture has shown
promising results.
Transnet in R100bn public, private capital effort
Transnet, the state-owned transport and logistics utility, said its R300bn capital
expenditure programme could be extended by at least R100bn if it could persuade
the private sector to invest.