Goodlace a calm hand for Implats tiller

Impala Platinum's chief executive-in-waiting Terence Goodlace has plenty of experience operating in tough places, such as Democratic Republic of Congo. He will need it because running the world's second-largest platinum producer, which he takes...

Miners have strong appetite for M&A - report

Healthy demand fundamentals, strong balance sheets and an appetite for growth will drive a step-up in mergers and acquisitions (M&A) in the global mining and metals sector in 2012, Ernst & Young (E&Y) global mining and metals transaction leader...

Goodlace a ‘good choice’ for Implats

Platinum mining company Impala Platinum’s (Implats') choice of Terence Goodlace, from Metorex, as CEO and executive director was described as a ‘good’ appointment by company watchers on Tuesday. Vestact analyst Sasha Naryshkine told Mining...

Impala Platinum appoints Goodlace as CEO

Platinum mining company Impala Platinum (Implats) has appointed Terence Goodlace, from Metorex, as CEO and executive director, succeeding David Brown from July 1. Brown announced two weeks ago that he was stepping down as CEO at the end of June...

China’s anti-monopoly bureau OKs Jinchuan-Metorex deal

South Africa-based Metorex said on Monday that its acquisition by Chinese-based Jinchuan Group has been granted approval under the anti-monopoly law of the People’s Republic of China. Jinchuan made a R9.1-billion offer to take over the base...

Metorex takeover by Jinchuan clears another hurdle

The takeover of Metorex by Chinese group Jinchuan has cleared another hurdle, with the Zambian government approving the R9.1-billion transaction. The South Africa-based company said on Wednesday that Zambia’s Finance and National Planning...

SA, Zambia approve Metorex takeover

South African and Zambian competition authorities have approved Chinese-based Jinchuan Group’s takeover of copper miner Metorex, the companies announced in a joint statement on Tuesday. The Chinese group made a R9.1-billion offer for Metorex in...

Metorex lifts output, says Jinchuan deal on track

JSE-listed Metorex said on Monday that its copper and cobalt production increased in the September quarter. Copper production increased by 15% to 15 202 t, up from the June quarter’s 13 218 t. Cobalt production rose 11% from the previous...

Barberton mine, South Africa

An underground mine, situated in Mpumalanga.

Cobalt focus may follow Jinchuan takeover of Metorex

A greater emphasis on cobalt may follow the takeover of JSE-listed copper/cobalt producer Metorex by Jinchuan, the world’s second-largest cobalt producer and China’s largest. Metorex currently supplies all its cobalt to Jinchuan, which has...

Metorex shareholders approve R9.1bn Jinchuan offer

Shareholders of base metals miner Metorex on Friday voted in favour of Chinese investor Jinchuan’s R9.1-billion offer to acquire the company. Under the terms of the offer, shareholders in Metorex would receive a cash consideration of R8.90 a...

05/08/2011 (On-The-Air)

Foreign investors are putting pressure on mining giant Anglo American to reduce its South African exposure; Chinese investors are snapping up more South African mining assets and The IDC has allocated R22-billion for ‘green economy’ projects.