Sibanye Gold’s Froneman demurs on ‘pac-man’ deals
Neal Froneman, CEO-designate of Sibanye Gold, may look at acquisitions, but his goal was to build in Sibanye a company attracting Asian investors.
Davis earns £5.5m profit on Xstrata shares
Mick Davis, the outgoing Xstrata CEO, sold 661.590 shares in the company following the European Commission's approval of its merger with Glencore.
IDC uncertain of role in Kalagadi Manganese
Government's Industrial Development Corporation also said it may waive its rights to participate further in Kalagadi Manganese if that was in its interests.
Eskom’s Dames moots national coal pact
Speaking in parliament, Eskom CEO Brian Dames appealed to the country's coal producers to enter into a coal pact with coal prices not exceeding 10% annually in return for lower electricity increase.
Amsa in “catch up” as claws back 18%
An 18% gain in the share price of ArcelorMittal South Africa was due to the fact it had been oversold, a spokesman said despite reports it was due to restructure.
Pallinghurst to keep platinum ‘newco’ private
Now was not the time to re-list the platinum assets of Pallinghurst Resources, said the company's CEO, Arne Frandsen.
Mines unrest not solved by ending migrant labour
Migrant labour may be a contributing factor to the mines unrest in South Africa, but ending it will only cause hardship elsewhere, experts say.
Gold Fields warns of fourth quarter strike pain
Only a portion of lost production owing to strikes had been accounted for in the September quarter, Gold Fields said which also warned of imminent restructuring.
M23 want direct talks with Congo’s Kabila
M23, a rebel movement in Congo, want direct talks with president Joseph Kabila and have warned government not to strengthen armies near Goma, which recently fell to the rebels.
IDC capture of Scaw heralds state steelmaker
The South African government buys Scaw from Anglo and says the firm will compete for state-backed infrastructure business and help further its beneficiation strategies.