South32 is raking it in as cash balances hit US$1.5 billion
South32’s net cash balance rose by US$645m during the March quarter to hit $1.5bn at the end of March and the group has been...
Pan African Resources gets its ducks in a row at Evander
The Elikhulu tailings retreatment project is the current focus of attention at Pan African Resources’ Evander Mine but crucial for the mine’s medium-term future...
South32 M&A push frustrated after Metropolitan deal abandoned
SOUTH32 has pulled the plug on a proposed $200m acquisition of the Metropolitan Colliery and 16.67% stake in the Port Kembla Coal Terminal from...
BHP rebuts Elliott proposal arguing it would destroy $1.3bn in value
BHP Billiton delivered a robust rebuttal to calls by activist investor Elliott Management that it simplify its structure, saying the proposals could "... destroy...
DMR confirms mining charter redraft “still being finalised”
A WIDELY anticipated re-draft of the mining charter was still being finalised, according to the Department of Mineral Resources (DMR) which indicated today the...
Green shoots for SA mining which reverses loss-making trend
DATA published by the Chamber of Mines of South Africa delivered some much-needed good news for the country's mining sector which last year showed...
Albanese set to leave Vedanta as Agarwal starts executive search
TOM Albanese, CEO of Vedanta, may relinquish his position at the UK-listed firm on August 31, a development the company said was in line...
Pallinghurst planning “value unlock” as 10-year term rolls up
PALLINGHURST Resources is exploring "all options available" regarding unlocking "inherent value" of its assets, but this would not extend to an unbundling of any...
SA political instability a negative for Anglo’s spin-off plans
POLITICAL instability in South Africa would be "slightly negative" for Anglo American as the restructuring of its local assets might be delayed, but gold...
Mining charter amendments a mystery as March deadline nears
SOUTH Africa's Chamber of Mines did not have any meetings scheduled with the Department of Mineral Resources (DMR) this week which means it would...