Spotlight may fall on Glencore’s SA dominance
A merger of Glencore and Xstrata would build dominance in South Africa’s coal
market that should surely attract the attention of the competition authorities.
Dip in ferrochrome benchmark price
The European benchmark ferrochrome price for the third quarter has been
settled at $1.25 per pound: a 7% decrease from the $1.35/lb of the current
quarter.
Gold One to wait longer for Ezulwini
Gold One International’s acquisition of First Uranium's Ezulwini will take a month longer than initially planned and is now due to be finalised by July 31.
Shanduka finalises Glencore coal deal
Shanduka Group has finalised the increase of its shareholding in Shanduka Coal
to 50.01% from 30% previouly, the company says.
Govt to rebut UN Mapungubwe criticism
Coal of Africa's Vele mine is at the centre of more controversy as the UN
criticises South Africa's permitting regime at a World Heritage Committee
meeting.
De Beers defers June rough diamond sales 50pc
The question is whether an uninspired market will be able to mop up the
deferred sales later in the year which is shaping up to show a 7% decline in
diamond sales for De Beers.
DRDGold to become defensive with cash
Having shelled out R58m buying its own shares in two separate tranches,
DRDGold will enter a period of conservatism while it oversees the completion of
its Ergo consolidation project.
Glenstrata deal on the brink as Qataris says “no’
The $65bn merger between Glencore and Xstrata is on the verge of collapse
after Xstrata’s second-largest shareholder said it will oppose the terms of the
deal, reports Financial Times.
Bristow in final stretch of bike journey
Randgold Resources CEO Mark Bristow and his 3boyzonbikes team have crossed
into Senegal on the latest lap of a charity motorcycle ride of more than
13,000km.
Flagship R10.7bn manganese project in disarray
ArcelorMittal may escalate legal action as it suspects corporate governance
failures at Kalagadi Manganese, the flagship venture of South Africa’s
beneficiation strategy.