Implats identifies successor as CEO Brown announces resignation

The board of platinum major Implats has identified a successor to incumbent CEO David Brown, who has announced that he will step down at the end of June to pursue his own interests. The announcement was accompanied by a share price fall of more...

Khotso Mokhele elected Implats chair ‘with immediate effect'

The world's second-largest platinum company, Impala Platinum, on Wednesday reaffirmed the election of Dr Khotso Mokhele as chairperson of the board of directors, "with immediate effect". Implats said that former nonexecutive director Mokhele...

Roux resigns from Implats board following his replacement as chair

JSE-listed platinum producer Impala Platinum (Implats) on Friday reported that Dr Fred Roux has resigned as an independent nonexecutive director, with immediate effect. The resignation followed discussions in the aftermath of Roux`s replacement...

Shock ousting of leading corporate mining personalities

October 22 will go down in South Africa’s corporate history as a day of high drama when a chairperson was sacked twice on the same day and when a layer of top management was unceremoniously stripped out of one of the world’s biggest mining...

Implats offers Khotso Mokhele the chair

South Africa's second-largest platinum miner, Implats, on Thursday offered the position of chairperson of the board to incumbent non-executive director Dr Khotso Mokhele. The overture to Mokhele follows the acrimonious sacking of Dr Fred Roux....

Gilbertson, Davis set to ‘turn platinum-mining on its head'

The introduction of Mick Davis' Xstrata and Brian Gilbertson's Pallinghurst would turn the platinum-mining business on its head, RBC Capital Market analyst Leon Esterhuizen predicted on Tuesday. Esterhuizen said that, by their very nature, both...

Implats, Sallies sack Roux, Anglo ousts Cockerill in day of high drama

In a day of high corporate drama, Impala Platinum (Implats) chairperson Fred Roux was on Thursday acrimoniously sacked by Implats and, later in the day, also removed as chairperson of fluorspar miner Sallies – and Xstrata-pursued Anglo American...

Roux no longer chairman of Implats – report

The world's second-largest platinum producer Impala Platinum (Implats) chairperson Fred Roux has reportedly been removed from office. Newswire Bloomberg News quoted Roux as saying in a statement distributed at the company's annual general...

New directors for operationally dormant Sallies fluorspar

New Sallies directors are being proposed for the operationally dormant South African fluorspar-mining company. The JSE's Stock Exchange News Service gives notice that a general meeting of the company will be held on October 22 to remove CEO Tom...

Sallies widens loss, says up to R100m needed to reopen Witkop mine

JSE-listed fluorspar-miner Sallies on Monday reported that its loss for the 2009 financial year had deepened to R53,1-million and said that it would need up to R100-million to reopen its Witkop mine in South Africa’s North West province. The...

Sallies appoints Implats’ Fred Roux as chair

Fluorspar producer Sallies has appointed the vastly experienced Dr Fred Roux as nonexecutive chairperson, effective July 1, splitting Tom Dale's dual role of CEO and chairperson. Roux was also nonexecutive chairperson of world number-two...