Transnet raises R5bn in UK-registered bond
Transnet, the South African transport utility, has raised R5bn through a London Stock Exchange-registered bond with the proceeds destined for the firm's R305bn expansion plans.
MPRDA changes need ‘further refinement’
Changes to SA's minerals law would not take place until next year as they required refinement, said Faith Bikani, chairperson of the minerals portfolio committee.
BSGR asked to clarify payments
BSGR, the company owned by Beny Steinmetz, has been asked by Guinea to clarify payments and gifts it made to its officials.
Kumba must get act together: Cutifani
Kumba Iron Ore would have to improve its performance in order for majority shareholder, Anglo American, to achieve $14bn in net debt next year.
SA platinum producers ready for strike
South Africa's platinum industry would prefer strike action than bow to double digit pay increases, analysts said.
Anglo hires fund manager amid review
Anglo American hired Jim Rutherford, a fund manager for Capital Group for 16 years to its board amid a strategic review.
ContiCoal appoints board to study funding
Continental Coal has appointed a special board committee to review several offers to refinance its $15m in convertible debentures.
Glencore, Vedanta to share Zambia power
GlencoreXstrata and Vedanta had agreed to pay more for power in Zambia, said the country's mines minister, Christopher Yaluma.
Anglo completes Amapa transaction
Anglo American said it had completed the sale of its Amapa iron ore mine to Zamin Ferrous for an initial total cash consideration of $134m.
Strike kicks off at Northam’s Zondereinde
The National Union of Mineworkers began a strike at Northam Platinum's Zondereinde division over pay, the union said last night.