Ruukki's SA investment hits R3bn, JSE listing likely

The Helsinki- and London-listed Ruukki, which has invested R3-billion in South Africa so far, will soon have two assets and two major projects to manage in this country, which it believes has "huge potential". Ruukki South Africa CEO Dr Alistair...

Daily podcast – March 23, 2009

In today's podcast: an urgent application is brought in the Pretoria High Court to extend the powers of liquidators in dealing with the provisional liquidation of the cash-strapped Pamodzi Gold's Orkney gold-mining operations; and Chambishi Metals...

Kermas SA to reallocate shares in Samancor BEE deal following dispute

Following a dispute, ferrochrome producer Kermas South Africa has cancelled the 28% transfer of shares in its black economic-empowerment (BEE) deal, but plans to reallocate the same stake to meet its original broad-based objectives. Chairperson,...

London investor acquires control of Shaft Sinkers for R245-millon

London based company International Mineral Resources (IMR) has acquired a 60% stake in Shaft Sinkers in a deal worth R245-million.

Company Announcement: IMR invests in South Africa through R245-million acquisition

Attached please find a press release on: In a R245-million deal, International Mineral Resources (IMR) recently acquired a 60% stake in Shaft Sinkers (Pty) Ltd, one of World’s most experienced mining contractors with over 40 years experience in...

Competition tribunal approves Kermas-IMR merger

South Africa’s Competition Tribunal on Thursday gave ferrochrome producer Kermas South Africa permission to merge with one of the world’s largest private mining and metals firms, Eurasian Natural Resources’ subsidiary...