Implats postpones NUM, Amcu count as tensions rise
Impala Platinum’s plans to verify the support that controversial union Amcu has
on its Rustenburg mine has been postponed two weeks as the atmosphere there
is tense.
Idle Lonmin to plea with bankers
Lonmin will have to ask its bankers for some leniency on its loan conditions, or
request shareholders for a capital injection, while its main operating asset is
standing still.
Market to focus on BHP’s capex guidance
Having already addressed the market’s concerns over writedowns of its shale
business, focus will turn to BHP’s capex plans and whether any of its large
projects will be deferred.
Village Main’s Buffels may get the chop
The future of Village Main Reef’s Buffelsfontein mine is once again up in the air
following an announcement that the group has embarked on a review of the
viability of the mine.
RBPlat accelerates cost review, jobs at risk
The tough market conditions that have accounted for capital expenditure
cutbacks in the platinum industry claimed another scalp.
“We’re in a state of emergency’ – RBPlat
Royal Bafokeng Platinum CEO Steve Phiri says the company isn’t taking any
chances on security, following wage demands from rock drill operators at the
company’s BRPM mine.
Manica won’t pay for Pan African’s Evander deal
Pan African Resources says it will soon announce final details on the spin-off of
its Manica project in Mozambique, but the proceeds won’t go towards payment
for Evander.
AngloGold “steady as she goes’
IT'S a difficult time to be a gold company CEO; yet AngloGold Ashanti’s Mark
Cutifani cannot be accused of overpaying for assets or running behind time with
project delivery.
Anglo completes De Beers transaction
Anglo American says it has completed the acquisition of the Oppenheimer
family’s 40% stake in De Beers.
Ill Lonmin CEO admitted to hospital
Lonmin CEO Ian Farmer has been diagnosed with a serious illness and admitted
to hospital, the group says. Meanwhile, 30 people have died in a police crackdown.