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RBPlats expects higher year-end earnings

By: Natasha Odendaal Higher sales volumes and higher basket prices are expected to boost JSE-listed Royal Bafokeng Platinum’s (RBPlat’s) year-end earnings. The platinum producer said in a statement on Thursday that its earnings per share (EPS) and headline earnings per share (HEPS) for the year ended December would... 

Assore reports 48.5% increase in headline earnings

By: Natasha Odendaal JSE-listed Assore on Wednesday reported a 48.5% headline earnings increase to R2.1-billion for the six months ended December, up from R1.39-billion a year earlier. This was mostly attributed to 50%-owned Assmang’s 57.2% increase in headline earnings to R3.9-billion, as well as higher commissions... 

AngloGold profit surges to record $1.3bn, dividend doubles

By: Martin Creamer The full-year profit of Africa’s biggest gold miner, the JSE-listed AngloGold Ashanti, has surged to a record $1.3-billion and the dividend has been doubled. The full-year dividend of 380 South African cents a share compares with the 2010 full-year dividend of 145c after AngloGold’s board... 

RBPlat expects slight drop in 2011 earnings

By: Creamer Media Reporter Black-empowered platinum miner Royal Bafokeng Platinum (RBPlat) reported on Tuesday that its headline earnings for the year ended December 31, 2011, would decline, but would be within 5% of its 2010 performance. The company was due to release its 2011 financial results during February. 

Village Main in R507m binding bid for Lesego

By: Creamer Media Reporter Gold-miner Village Main Reef has concluded binding agreements to acquire a controlling stake in precious metals-miner Lesego Platinum in a R507-million all-share deal. This would be settled through the issue of 253-million Village shares at 200c a share. 

Swanepoel's To The Point has buy option on Metorex's Cons Murch

By: Martin Creamer Emerging mining company To The Point has secured an option to buy the Consolidated Murchison antimony-gold operation, which it is restructuring for Metorex, Bernard Swanepoel tells Mining Weekly Online. The JSE-listed Metorex said on raising its recent $100-million finance facility that it had... 

ARM says earnings could fall by as much as 81%

By: Chanel de Bruyn Diversified miner African Rainbow Minerals (Arm) on Thursday said it expects its 2010 interim headline earnings a share to be between 79% and 81% lower than the R10,55 a share recorded in the first half of the 2009 financial year. It expected to report headline earnings a share of between 200c a... 

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