Executive pay vote shows Wescoal has work to do
Shareholders voted down a resolution for non-executive pay at Wescoal Holdings demonstrating that it has work to do in structuring the board correctly.
Slump will force Anglo, BHP dividend switch
Analysts believe that in order to conserve cash, retain credits ratings the world's largest mining firms will sooner or later have to change dividend policies.
Pan African will protect rights in IFM rescue
Cobus Loots, CEO of Pan African Resources, said he would protect the firm's contract to treat the tailings of International Ferro Metals now in business rescue.
VW fallout ‘greatly over-stated’ for platinum
The World Platinum Investment Council said there was as much upside as downside following the Volkswagen scandal on diesel engine autocatalysis.
Downgrades for miners as tailspin set to persist
Earnings downgrades of major mining companies is inevitable as there's no evidence yet of the sector pulling out of its tailspin.
Transnet takes loco capital spend to R46bn
Transnet raised R12bn from a club of South African banks and investors as part of its 1,064-strong locomotive capital programme.
Steenkamp crazy to have taken Harmony job?
Harmony's Graham Briggs insists the firm is in good shape, but analysts think his successor, Peter Steenkamp, has a job of work on his hands.
Keaton content to sit out market torpor
Keaton Energy booked a steep loss for the first half of its financial year but said it had flexibility that positioned it well to sit out difficult market conditions.
Green light for Lonmin $407m rights offer
Lonmin's $407m rights offer received the green light from shareholders following an annual general meeting in London.
Relieved Magara commits to stem Lonmin outflow
Ben Magara, CEO of Lonmin, said the company had done the right thing and would be cash flow neutral in three years at current spot prices.