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Universal considers approaches from third parties

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Universal Coal says it is reviewing the appointment of advisors, following informal approaches from third parties for its coking coal projects in South Africa.

High hopes for R17bn Swaziland rail

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There's a lot of excitement about the first new freight railway line to be built by SA in about a quarter of a century; Transnet SOC and SwaziRail's R17bn Lothair project.

Trans Hex ‘tying loose ends’ in Namaqua deal

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Trans Hex says it is still finalising certain aspects of its proposed takeover of De Beers' Namaqualand Mines.

Zimplats workers strike over power bills

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WORKERS at Zimplats have gone on strike to force the company to pay for their personal electricity bills, partially hitting production.

Implats says 5,000 workers on strike

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Impala Platinum says 5,000 workers at its Rustenburg operations have downed tools over wages, but a court order has declared the strike involving drill operators illegal.

African Iron directors accept Exxaro offer

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African Iron's directors have formally accepted Exxaro's takeover offer, says the company.

ArcelorMittal SA primed for promotion

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Arcelormittal SA has a more-than-even chance of re-admittance to the JSE/FTSE Africa Index Top 40 when the stock exchange’s worthies pour over re-weightings.

Anglo, Codelco trade more blows over Sur

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Codelco has described the deal between Anglo American and Japan’s Mitsubishi over Anglo American Sur as "illegal,' following the release of the sales contract.

Amplats, Anglo fall on trading update

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ANGLO American Platinum’s shares have nosedived and dragged down parent Anglo American, following a worse-than-expected trading statement.

Glencore sees first executive exit post-IPO

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Glencore is set to lose one of its most senior executives, the first exit since its high-profile public offering last year, as part of a reorganisation of its upper echelons.