Jan Du Preez

Position: Petmin CEO since 2006 Main activity of company: Mining – with strategic focus on steel value chain and commodities required for urbanisation and infrastructure development Date and place of birth: November 1, 1964, Pretoria Education:...

First Uranium confirms potential competing bid for Ezulwini

Beleaguered mining firm First Uranium on Tuesday confirmed it had received an expression of interest from a group comprising Russia’s Renova, which the company said could culminate in an offer for its Ezulwini mine $10-million greater than an...

Gold One secures financing for acquisitions

ASX- and JSE-listed Gold One has secured enough financing to complete its current acquisitions, the company said on Tuesday. The junior miner was granted an unsecured $75-million shareholder loan facility from Baiyin Nonferrous Group subsidiary...

State capitalism: Is it a rival to market capitalism?

Since the start of the current global economic crisis in 2008, there has been renewed interest in the concept of ‘State capitalism’, as distinct from ‘market capitalism’. (The term ‘liberal capitalism’ is shorthand for ‘liberal...

ArcelorMittal plans $125 iron-ore investment to raise output by 65%

Global number one steelmaker ArcelorMittal has revealed that it intends to invest $125-million in its iron-ore mines in Brazil, in order to increase their production by 65% by next year. The company’s Brazilian mines are forecast to produce...

Is it a rival to market capitalism? And how does it affect the natural resources industries?

Since the start of the current global economic crisis in 2008, there has been renewed interest on the concept of “state capitalism” as distinct from “market capitalism”.

Marriage of spun-out diamond assets may be best for Rio, BHP

With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets and list them. For starters, both have major...

Company Announcement: Barker Hires Dr. Susanne Trimbath (STP Services Inc.) for Follow-up Review of 2011 Trading and Settlement Data

Prince George, B.C., February 23, 2012 – Barker Minerals Ltd. (“BML” on TSX/V) (the “Company”) reports that in conjunction with its Pro Long Campaign it has requested Susanne Trimbath, Ph.D. of STP Advisory Services, LLC (STP) to provide...

Palladium price to continue gaining ground on platinum

Supply constraints out of South Africa, the biggest platinum producer, coupled with shrinking palladium shipments from Russia, mean that the prices of the two metals will continue to move closer together, Stillwater Mining CEO Francis McAllister...

Rent rather than nationalisation, Zim will not pay compensation, Australian mining investment

The study by South Africa’s ruling African National Congress (ANC) gives mine nationalisation a firm thumbs down; Zimbabwe will shortly seize mining assets without compensation; and the study of South Africa’s Council for Geosciences into the...

Govt stops lacerate platinum, supply ebb may boost price, palladium deficit forecast

Government-enforced safety stoppages at South African platinum mines is lacerating production; the platinum supply ebb is seen as positive for platinum prices; and palladium may be in short supply.

Potash Corp hikes dividend

Potash Corp, the biggest fertiliser-maker, on Wednesday said it is increasing its quarterly dividend by 100% to $0.14 a share, having also doubled the payout a year ago. CEO Bill Doyle said the increase “reflects the confidence we have in the...