Home News Markets Page 256

Markets

Miranda set to announce resolution

0
Miranda Minerals is hoping to draw a line under shareholder in-fighting that almost took the company to bankruptcy.

Watchdog explains ruling on Petmin’s SamQuarz

0
Allowing the sale of Petmin’s SamQuarz silica mine to Thaba Chueu will enable the buyer to control the critical input of its downstream competitors, says the Competition Commission.

Funds target pockets of tight supply in 2012

0
Tight supply in grains and industrial metals such as copper along with further support for gold offer opportunities in what top commodities managers see as another challenging year in 2012

Godongwana stays as state intervention ‘chief’

0
Enoch Godongwana, who is serving his last day in Cabinet, will remain in his position as head of the ANC’s committee that will handle the report on state intervention in mining.

Transnet unveils R17bn coal solution

0
The much-vaunted Lothair rail project, expected to help massively ramp up coal deliveries to Richards Bay, was officially unveiled with a completion date of 2016 set for the initiative.

LME board to consider bids in late February

0
The London Metal Exchange has several serious potential bidders and will consider takeover proposals at its board meeting in late February, says CEO Martin Abbott.

Malawi, Vale ink $1bn rail line deal

0
Malawi has signed a $1bn deal with mining giant Vale for construction and rehabilitation of a rail line to transport 18 million tonnes of coal from Mozambique.

LME faces backlash against new trading fee

0
LME members are pushing the exchange to backtrack on a new trading fee that would boost its revenues and entice potential bidders for the 130-year-old exchange.

Top SA mining execs consider their future

0
Given the shortage of skills in mining, there's a lot of interest in where executives like Metorex CEO Terence Goodlace and Rand Uranium's former CEO John Munro may end up.

Rand seen below R8/$ by end-2012

0
The rand is expected to firm to R7.825/$ in 12 months, a Reuters poll shows, but that is dependent on a solution to Europe's debt crisis and a pickup in global growth.