Glencore, Xstrata agree on $33bn “merger’
The proposed $33bn merger of Xstrata with Glencore is back on track as the two
companies unveiled terms that make concessions to shareholders on both sides.
Atlatsa’s Bokoni sucked into strike contagion
Atlatsa Resources Corp’s Bokoni Platinum Mines said its workers had embarked on an
unprotected strike as yet another mine falls to industrial action.
Sasol eyes coal export market
Sasol’s failure to press ahead with the R60bn Mafutha CTL project last year has given
it food for thought on what to do with the coal resources on which Mafutha was
premised.
Law firm warns over ending of investment treaties
The termination of bilateral investment treaties with EU member states may have a
negative impact on already-fragile investor confidence in SA’s mining sector, says
law firm Webber Wentzel.
Marikana a ‘lens’ for future mining policy
Marikana has become a milestone event that will shape South Africa’s policy
approach on mining, says senior ANC official Enoch Godongwana.
Pan African eyes gain from SA’s pain
Upheavels in South Africa’s mining industry will not deter Pan African Resources
from growing its asset portfolio, even though the company claims to have enough on
its plate for now.
Fortunes may change for Anglo American
Platinum woes aside, the market is recognising Anglo American CEO Cynthia Carroll’s
efforts to get some of the company’s monkeys off its back.
ANC mining policy resolution published
The ANC has published its resolution on nationalisation of the mining sector. which
was a contentious subject at the party’s policy conference in June.
Implats chases peace in 4.8% wage hike
On a poor day for South Africa Inc. - with Amplats to dismiss 23,000 employees and
a Moody’s downgrade - Implats said that it would grow its wage bill 4.8% in an
effort to restore peace.
Strike contagion shuts down 40% of SA gold
AngloGold Ashanti confirmed its South African production had been interrupted as
strike action spread, a development that could prove catastrophic and involve
catalysing downsizing.