Off The Wires

Angola seeking copper, gold and silver

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Angola's sovereign wealth fund is seeking to diversify its oil-focused investment strategy into gold, copper and silver.

Northam concludes R450m Everest deal

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Northam Platinum has concluded the purchase of the Everest mine from Aquarius Platinum following consent for a change of control from the government.

Glencore strong enough to withstand market

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Glencore had no solvency issues and that it was strong enough to ride out the difficult commodity markets.

Glencore won’t sell tier one assets

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Glencore may sell its entire agricultural business, raising up to $12bn, but it would be reticent to sell its best mines, especially in the current market.

China diamond sales to be modest in 2015

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Sales of polished diamonds in China will rise by 3% to 5% this year which is only a fraction of the 29% growth in the jewell in 2011.

Glencore chairman buys shares in show of faith

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Tony Hayward, chairman of Glencore, bought 100,000 shares in the company taking his overall holding to 245,000 shares.

Malema tells US EFF will own SA mining sector

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Julius Malema said that in power his Economic Freedom Fighters would establish a state-owned mining company that owned the country's mining sector.

Mining pact unravelling after NUM hits out

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An agreement between unions and the mining sector to preserve mining jobs wherever possible was in danger of unravelling.

Alcoa to divide in shareholder value drive

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Alcoa is to break up into two in an effort to unfetter its faster growing plane and car business from its traditional aluminum smelting operations.

Glencore trading occludes recovery path

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Glencore's trading activities added complexity to its valuation said analysts who have differing views on whether it will recover from its 30% share price loss.