Aussie miner floats rail JV with Exxaro
The relationship between Equatorial Resources and Exxaro Resources has
thawed with the two firms looking at sharing iron ore infrastructure costs in the
Republic of Congo.
Glasenberg defends steep executive pay
Glencore CEO Ivan Glasenberg has defended steep executive pay packages and
showed support for the CEO of Xstrata, reports Reuters.
First Uranium gives distributions update
TSX and JSE-listed gold producer First Uranium says currency fluctuations may
work in shareholders’ favour when the leftover proceeds from the sale of its key
assets are distributed.
Miller bids Keaton adieu
Keaton Energy MD Paul Miller has called its quits at Keaton Energy after a five-
year
stint, but promises to stay in junior mining.
Metmar unveils R475m cash and asset investor
Investors who helped put Optimum Coal on the map are to pump R475m into
metals and minerals trader, Metmar.
WUC to list as acid water issue burns DRDGold
In the battle of the acronyms, it’s TCTA that wins over WUC in the effort to head
off the threat of acid mine drainage in an affair that has more than dirty water
below the surface.
New First Uranium bid “has to top $450m’
A fresh bid for the control of First Uranium has to be backed by an unconditional
and fully financed offer of at least $450m, according to the company’s board of
directors.
Gold One minimising output disruption
Gold One International said it was taking steps to reduce disruption to output
following a strike, deemed illegal by the Labour Court, from June 3.
Amcu ranks swell to 20,000, turns to Amplats
The Associated Mineworkers and Construction Union (Amcu) said it had a majority
at Impala, organisational rights at Lonmin, and had been asked by Amplats mines
to canvass for support there.
Aggreko, Shanduka set out IPP gas plans
The UK independent power producer, and Shanduka Group, will provide Eskom
with important power as it seeks to catch up on its maintenance backlog.