Coal price may force Eskom to review coal buying strategy
PRESSURE is growing on Eskom to change is coal procurement strategy in which it plays more directly in the spot market buying smaller volumes...
Stillwater deal not the end of Sibanye’s growth ambitions
SHARES in Sibanye Gold lost nearly 12% on the Johannesburg Stock Exchange by midday as investors reacted to its R30bn cash bid for Stillwater...
Sibanye to buy Stillwater for R30bn, plans R10.3bn rights issue
SIBANYE Gold is to buy New York-listed platinum group metal (PGM) producer, Stillwater Mining Company (Stillwater), for $2.2bn in a deal that internationalises the...
Zimbabwe extends platinum tax deadline to end-2017
ZIMBABWE has again postponed a 15% tax on exports of unbeneficiated platinum group metals (PGMs) to 2018 so that miners can redouble their efforts...
Glencore’s Rosneft deal signals return to deal-making
GLENCORE'S Ivan Glasenberg made a stunning return to deal-making after 18 months of austerity by joining its 9% shareholder Qatar Investment Authority (QIA) in...
Bristow plans recap of Rockwell after period of ‘fumigation’
A CONSORTIUM led by Mark Bristow, possibly assisted by a third party, would reinvest in Rockwell Diamonds following a period of "fumigation", the company...
Implats appoints Nico Muller as CEO, effective April 2017
IMPALA Platinum (Implats) has appointed former Gold Fields and Royal Bafokeng Platinum executive, Nico Muller, as its new CEO following the resignation of Terence...
Hummingbird fully funds $88m Yanfolila gold project
HUMMINGBIRD Resources has fully-funded its $88m Yanfolila gold project which is situated in west Africa's Mali following a $45m debt package, and $10m cost...
Gold Fields swaps royalty deals for 32% in Maverix Metals
GOLD Fields has exchanged a portfolio of eleven royalties it receives, which generated $6m last year, for a 32% stake in Maverix Metals, a...
Exxaro unconvinced Eskom’s 51% BEE target is “policy”
EXXARO Resources was unconvinced Eskom's demand for 51% black ownership in order to comply with its black economic empowerment (BEE) rules was policy.
"Up until...