Exxaro’s Nkosi books R7.9m in share sale
Sipho Nkosi, CEO of Exxaro Resources, sold shares in his company despite the stock hitting a three month low last week on a forecast earnings could fall a fifth.
Pallinghurst flies to defence of 10-year plan
Arne Frandsen, CEO of Pallinghurst, says shareholders understand how the firm is adding value notwithstanding the deep discount at which its shares trade.
SA endorses iron ore, steel export levy report
South Africa's cabinet endorsed a report supporting the notion of export levies on iron ore and steel in an effort to ensure development pricing.
Godongwana says higher mine taxes possible
Enoch Godongwana, head of the ANC's economic transformation committee, said the mining sector may well attract more taxes.
Wesizwe Pt says capital escalation possible
Jianke Gao, CEO of Wesizwe Platinum, says his company can't discount further calls on capital but that shareholder, Jinchuan, remained supportive.
Govt nears deal on foreign-backed steel venture
South Africa's government said new steel capacity promising developmental pricing was imminent, and potentially backed by international investors.
Gigaba calls on coal miners to compromise
Minister of public enterprises, Malusi Gigaba, says he'll support declaring coal a national asset but thinks a national pact on coal price inflation is a better option.
Pallinghurst clears way for R3.24bn IDC stake
The consolidation of platinum properties into Sedibelo Platinum Mines clears the way for the IDC's R3.24bn investment, said Palllinghurst Resources.
Ncondezi Coal presses ahead with $627m mine
Ncondezi Coal said a study found a 18 milliion tonne/year thermal coal mine in Mozambique feasible as it anticipates the country's power boom.
Gem dispatches Ellendale mine
Gem Diamonds surprised the market by selling its Ellendale mine in Australia after earlier this year suspending the process as bids were too low.