Sephaku to spin off R2.2bn fluorspar asset
South Africa may get a new fluorspar listing if Sephaku Holdings spins out its
fluorspar asset.
NUM members join nationwide strike
The National Union of Mineworkers confirmed that it had requested members to join
Cosatu's nationwide strike today aimed at having government scrap labour brokers
and toll road fees.
Fitch affirms diversified miners
Fitch Ratings has affirmed the ratings of the three major diversified mining
companies, Anglo American, BHP Billiton and Rio Tinto.
ANC to study 50 percent resource rent tax
The African National Congress said it would study a resource rent tax of up to 50%
as part of policy documents setting out ways to beat high unemployment and
inequality over the next 30 to 50 years.
Village bags R413m, special dividend likely
As suggested before, Village Main would most likely pay out a special dividend
from the First Uranium asset sales that net R413m for Bernard Swanepoel’s
company.
Glencore unlikely to bump Xstrata offer
Glencore will today address investors for the first time since unveiling plans for a
$90bn merger with Xstrata, an offer that is unlikely to be amended upwards,
analysts say.
Glasenberg’s rebuffs calls to lift Xstrata bid
Glencore's Ivan Glasenberg said he hoped people would review the numbers and see
his firm's $36.3bn bid for Xstrata truly represented a merger of equals.
Tsvangirai condemns Zim indigenisation
Zimbabweans didn't have the resources to buy the equity on offer in terms of that
country's indigenisation strategy, said prime minister Morgan Tsvangirai.
SA Govt adopting subtle pro-business stance
Behind the massive infrastructure drive that was recently announced in South
Africa is an evolving strategy that going pro-business is the only way to create
jobs.
Coking coal, copper markets ‘tight’: Rio
Rio Tinto says the markets for copper and coking coal would remain 'tight' although
it could not rule out continued volatility.