Exxaro has cause to rethink $20bn target
Exxaro Resources is now worth a little under $5bn when once it targeted growth to $20bn. Is the company re-setting its sights amid a commodity climb-down...?
NAMF in crisis talks to save $120m fund
The New Africa Mining Fund is in talks that could result in a restructure of its second $120m venture capital fund.
MPRDA bill chops ‘developmental pricing’
South Africa's Chamber of Mines welcomed the MPRDA Amendment Bill and said it had negotiated developmental pricing for domestic supply out of the legislation.
Sibiya stops short of apology as CCMA fumes
Bheki Sibiya, CEO of the Chamber of Mines, declined to publicly apologise for off-the-record comments made by his chief negotiator about the CCMA.
ARM relies on ferrous metals for profit surge
Iron ore and manganese accounted for 92% of the two-thirds surge in headline earnings of African Rainbow Minerals while its platinum assets also contributed.
Exxaro collects R1.6bn from Eskom, lifts div
The performance of Exxaro's key coal division was heavily influenced by R1.6bn in penalties paid by Eskom, with another similar payment likely this year.
Glasenberg to weigh SA listing in 18 months
Glencore Xstrata would wait for up to 18 months before assessing whether its debut in Johannesburg had been a success with investor take-up currently low.
SA parliament approves MPRDA amendments
Amendments to SA's centre-piece mining legislation, feared for the discretionary powers it confers on government, has successfully travelled through parliament.
Glencore would kick tyres at Total Coal SA
Ivan Glasenberg, CEO of Glencore Xstrata, said the group would look at possible assets, but he stepped back from speculation BHP was selling its SA coal mines.
Africa must grasp $170bn/yr mines outlay
The propeller heads at McKinsey&Co think Africa could bring 540 million people out of poverty by responding properly to $170bn a year in mining investment.