Private equity to invest in slump: Pengilly
Lloyd Pengilly, head of QKR, said private equity would capitalise on the continued slump in metal prices this year.
CoAL in $24.7m Singaporean Makhado deal
Coal of Africa has issued shares and entered into a loan agreement with Singaporean investment firm, Yishun for its Makhado coking coal project.
ICVL to build power plant at Mozi’s Benga
International Coal Ventures, the consortium that bought Benga coal mine from Rio Tinto for $50m, is to build a power station in the country.
Guinea cancels bauxite exploration licences
Guinea has cancelled bauxite-bearing exploration blocks which were to be developed by company in which government members were shareholders.
Newcrest shakes up executive team
Newcrest Mining has replaced its CEO and chairman after the company wrote down $5.9bn.
Harmony to build on fatality free quarter
Harmony Gold said it wanted vigilance at its underground mines to be stepped up in order to build on its fatality free December quarter.
AMSA to post up to 30c/share interim loss
Poor trading conditions and the costs of increased borrowings would take ArcelorMittal South Africa into a 25 cents to 30c/share interim headline loss.
Lonmin CEO Magara’s salary cut in three years
The salary of Lonmin CEO, Ben Magara, was 2.5% higher in 2015 than in the previous year but 18% lower than three years ago when he replaced Simon Scott.
Chilean survivor story nears climax
Chilean rescuers has reinforced an escape shaft to hoist 33 miners to freedom two months after they were trapped deep underground in a cave-in, as a stunning survival story that gripped the world nears its climax.
Transnet CFO to oversee Eskom funding plan
Anoj Singh, CFO of state-owned logistics and transport company, Transnet, is to be seconded to Eskom where he will oversee its R250bn funding plan.