Off The Wires

Bimha, strike hit Implats half-year earnings

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The collapse of Bimha, an operation owned by Impala Platinum, and a strike in the sector could see the firm's interim basic share earnings up to 77% lower.

Amplats may have to unbundle shafts

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The proposed distribution of Glencore's stake in Lonmin was indicative of how tough it was to sell platinum assets in the current market.

Randgold bids for Kibali extensions

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Randgold Resources has made proposals regarding buying gold permits owned by Dan Gertler which adjoin the UK-listed gold firm's Kibali operation in the Congo.

Rio Tinto studying $500m RBM expansion

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Anglo-Australian group Rio Tinto is considering expanding Richards Bay Minerals at a cost of $500m.

White Rivers plans JSE listing

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White Rivers Exploration is considering a Johannesburg secondary listing towards the end of the year having bought gold tenements in South Africa.

Glencore to flush out Lonmin bidders?

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The proposed distribution of Glencore's 24.9% stake in Lonmin to its shareholders might also be a ruse to flush out potential bids for the investment.

CRG in fourth Chinese party MOU sale

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Central Rand Gold has added another suitor to its ranks signing a memorandum of understanding with a fourth potential Chinese investor for a $150m offer.

Developmental pricing a ‘deal-breaker’: CoM

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Roger Baxter, COO of the Chamber of Mines, said imposing developmental pricing would be "a deal-breaker" for the South African mining sector.

Northam to stage interim turnaround

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Higher output at Zondereinde and the absence of strike action would help Northam to as much as a 123c/share turnaround in interim earnings.

SA platinum sector needs consolidation

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Ben Magara, CEO of Lonmin, said the South African platinum industry needs consolidation in order to guarantee supply discipline.