Home News Page 948

News

Ramaphosa begins withdrawal from business

0
Cyril Ramaphosa, newly elected deputy president of the ANC, set to work unravelling his business ties today, resigning from the boards of two prominent companies.

Gordhan brings perspective to tax fears

0
It fell to finance minister Pravin Gordhan to bring perspective to fears the South African mining industry was imminently facing a radical overhaul of its tax regime.

Wesizwe captures $650m in Bakubung loan

0
Wesizwe Platinum will bridge the R1.4bn in increased capital expenditure announced last year with a $650m loan from the China Development Bank.

Amplats furore knocked R40bn off Anglo

0
Investors fled Anglo American, although according to a legal expert the suspension of its mining licences would have to be conducted through the courts first.

Anglo to write-down $4bn to $5bn: report

0
Anglo American is set to announce write-downs of between $4bn and $5bn, according to the Sunday Times.

Amcu gears up for weekend of protest

0
The Associated Mineworkers & Construction Union (Amcu) said it had persuaded Amplats workers to return to work but said protests would kick off this weekend.

Cutifani keeps an open mind on Amplats

0
Mark Cutifani, CEO-designate of Anglo American, said he would change plans at Amplats if it was necessary and said far-reaching changes were possible at Anglo.

De Beers bullish on Angola mining prospects

0
De Beers said it was confident of finding a mine in Angola that would help it recoup the $250m it had spent in exploration there since returning to the country in 2005.

MPRDA amendments confound legal experts

0
The draft Minerals and Petroleum Resources Amendment bill included worrying levels of ministerial discretion and included unnecessary changes, legal experts say.

Albanese quits Rio amid $14bn write-down shock

0
The write-down of aluminium assets was expected but it was the $3bn impairment of Rio Tinto's Mozambique assets that delivered the fatal blow to Albanese.