Home News Markets Page 202

Markets

Cutifani warns against MPRDA adjustments

0
Mark Cutifani, CEO of Anglo American, said development pricing and changing BEE targets would be adding a layer of risk international investors will not accept.

Glencore could find hostile Rio bid a tough ask

0
Analysts believe Glencore will have to persuade all shareholders to back it in a bid for Rio Tinto as a hostile offer is beyond even the derring-do of Ivan Glasenberg.

Glencore steps back from Rio merger plan

0
Glencore said that it was not currently pursuing a tie-up with Rio Tinto but confirmed it had made an "informal inquiry" by telephone in July.

VMR considers asset, company sale options

0
Village Main Reef said it would consider selling the entire company "as a going concern" although there was no formal process to do this "at the moment".

Transnet captures R24bn coal deal with BHP

0
State owned transport utility Transnet said 28 other agreements would follow by the end of November providing a massive fillip to its credit standing.

Law calls open season on fracking, mining appeals

0
Recent amendments to environmental legislation make it possible for anyone to automatically appeal - and suspend - a mining, gas or petroleum project.

Teba seeks frontline role in restitution

0
Weary of taking the backrow seats, Teba says it will now seize its opportunity in improving employee mining conditions, health and safety, and job placement.

NAMF II closed after failure to “gather traction”

0
One of the principals behind the New Africa Mining Fund, the Development Bank of Southern Africa, said the venture capital initiative had been shut down.

Petmin up as market shakes off write-downs

0
Petmin's Somkhele anthracite and thermal coal operation lifted volumes and helped stave off lower prices, but elsewhere write-downs continue to dog the firm.

Master Drilling watchful of Pt restructure

0
Master Drilling lifted its exposure to the South African mining industry in the first six months of this year and may do so further if platinum restructuring occurs.