Investec opts for pragmatism in Sibanye vote
Investec Asset Management opted for pragmatism by supporting Sibanye Gold's R4bn bid for Aquarius Platinum.
Froneman confident on platinum deals
Neal Froneman, CEO of Sibanye Gold, said he was confident the company would extract value from the R8.5bn deals for Rustenburg Mines and Aquarius Platinum.
Gold CEOs make case for 2016 pay packets
Gold firm CEOs have been in talks with shareholders on their plans for executive pay amid criticism they have not responded to lower profits by reducing pay.
IMF cuts SA growth rate cut to 0.7%
The International Monetary Fund has cut South Africa’s economic growth outlook for this year from 1.3% to 0.7% - the lowest forecast on record so far.
Sibanye gets thumbs up for Amplats deal
Sibanye Gold shareholders voted overwhelmingly in favour of the purchase of the Rustenburg mines from Anglo American Platinum for at least R4.5bn.
Gold production peaked in Q4
The outlook for the gold price will be boosted by the likelihood that production from new sources had peaked last year.
Mining shares looking cheap
Shares in mining companies looked cheap after they had declined this year further than metal prices.
Eskom aims to secure 16% tariff hike
South African power utility, Eskom, will attempt to secure a tariff increase of 16.6% for 2016/17 when it begins hearings with Nersa this week.
ArcelorMittal buys R3.6bn in AMSA shares
ArcelorMittal would subscribe for R3.6bn worth of shares in its South Africa subsidiary, AMSA, in terms of the firm's R4.5bn rights offer.
Miners under the whip as BHP writes-down $7.2bn
Diversified mining shares fell under the whip reversing many of this week's gains after BHP Billiton wrote down its US shale assets by $7.2bn.