R/€ = 15.73 Change: -0.10
R/$ = 13.84 Change: -0.12
Au 1281.31 $/oz Change: -12.55
Pt 794.99 $/oz Change: -8.87


Mali's first independent power project to start up next week

By: Reuters     25th October 2018 Mali's first independent power project – a €122-million ($139.06-million), 90 MW diesel plant – will go online next week in the country's gold-rich southwest, a board member of the operator said on Wednesday. The new plant could spur more of the foreign investment Mali has struggled to attract... 

Randgold's hook-up with Barrick to leave large void in London market

By: Reuters     2nd October 2018 A tie-up between Randgold Resources and Barrick Gold will leave a void in the London market for investors seeking exposure to gold via companies that produce the precious metal. Canada's Barrick Gold has agreed to buy Africa-focused Randgold for $6.5-billion to create the world's largest gold... 

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

By: Terence Creamer     21st June 2018 Murray & Roberts (M&R) announced on Thursday that it would proceed to further develop a potential tie-up with Aveng after the Takeover Regulation Panel (TRP) sanctioned the outcome of an earlier shareholder vote, which approved a resolution stating that the proposed Aveng deal was not designed to... 

ATON questions logic of M&R’s proposed ‘poison pill’ Aveng deal

By: Terence Creamer     31st May 2018 Investment company ATON, which is preparing a mandatory offer to buy all the shares in Murray & Roberts (M&R) it does not already own, has reiterated it steadfast opposition to M&R’s proposed acquisition of Aveng, describing the proposed Aveng transaction as a “poison pill” to prevent a takeover... 

Aton’s wooing of M&R shareholders continues

By: Marleny Arnoldi     24th April 2018 As it continues to seek support from Murray & Roberts (M&R) shareholders for its R15 a share buyout offer, German investment company Aton on Tuesday released salient information related to its buyout offer to address “stakeholder concerns”.  

South African mining seen a winner as Ramaphosa woos investors

By: Reuters     26th January 2018 South Africa's embattled mining industry could be first in line to benefit from a boost in foreign direct investment (FDI) if the new leader of the ruling party Cyril Ramaphosa implements measures seen as vital to draw in more cash, analysts said. The governing African National Congress (ANC)... 

McKinsey, KPMG targeted as South Africa graft scandal widens

By: Bloomberg     15th September 2017 After helping topple one of Britain’s best known public-relations companies, South African anti-corruption groups are now targeting US consultancy McKinsey & Co. and auditing firm KPMG for doing work for businesses tied to the Gupta family and President Jacob Zuma’s son. The Guptas, originally... 

Years of gridlock face South Africa as new rules hurt mining 

By: Bloomberg     13th July 2017 Executives from Sibanye Gold Ltd., South Africa’s biggest gold miner, were in Los Angeles in the final stages of a roadshow with U.S. bond fund managers last month when a bombshell hit from back home. The government had introduced shock new rules requiring local mines be 30 percent black-owned in... 

Banks balk at risk of funding South Africa Mining Charter deals

By: Bloomberg     26th June 2017 South Africa’s plan to force mining companies to give the black majority a bigger stake in the nation’s mineral wealth faces a major obstacle: convincing  banks to back billions of dollars of fresh deals in an industry in decline. Mineral Resources Minister Mosebenzi Zwane said on June 15 that... 

Futuregrowth seeks ‘right side of history’ with clean coal

By: Bloomberg     21st September 2016 Futuregrowth Asset Management, South Africa’s largest specialist fixed-income money manager, said it won’t participate in funding of coal-fired power generation until the industry develops environmentally sustainable methods of operating. The decision is based on the company’s investment... 

Meeting between Brown, Old Mutual and Futuregrowth postponed to Sept 13

By: Creamer Media Reporter      8th September 2016 The Department of Public Enterprises reported on Thursday that a meeting between Minister Lynne Brown and the CEOs of Old Mutual and Futuregrowth Asset Management, which had been scheduled for September 8, had been postponed until September 13. Brown, who is Shareholder Minister for Eskom and... 

Brown to meet Futuregrowth, Old Mutual after ‘unfortunate’ funding suspension

By: Terence Creamer     6th September 2016 Public Enterprises Minister Lynne Brown, who is Shareholder Minister for Eskom and Transnet, will meet with the CEOs of Old Mutual and Futuregrowth Asset Management on September 8, following Futuregrowth’s suspension of financing to six State-owned Companies (SoCs), owing to governance concerns.... 

South African parastatals credible, reliable borrowers, says Brown

By: African News Agency      2nd September 2016 Public Enterprises Minister Lynne Brown on Thursday moved to assure investors that South Africa’s parastatals were on solid footing as she responded to news that a second money manager would suspend lending to the country’s state-owned companies. “I want to assure all lenders and investors that... 

Up your game on sustainability, challenges Manuel

By: Kim Cloete     16th May 2016 Former Finance Minister Trevor Manuel has criticised both governments and companies for failing to live up to their commitments on sustainable development and has called for better laws and greater enforcement of those laws. He was speaking at the first ever Sustainable Brands Conference to be... 

Tremendous prospects for PGMs, thanks to green tech – Lonmin CEO

By: Kim Cloete     24th February 2016 The move towards green technology has provided tremendous opportunities for platinum-group metals (PGMs), which offer significant benefits for the African continent, says Lonmin CEO Ben Magara. Speaking at the Bloomberg Africa Business and Economic Summit in Cape Town, he pointed out that 80% of... 

Banks offer up R12bn in Transnet deal as parastatal eyes R500bn spend over coming decade  

By: Natalie Greve     23rd November 2015 Boosting the coffers earmarked for its ambitious locomotive fleet acquisition programme, State-owned logistics group Transnet has announced the successful conclusion of a R12-billion club loan with five of the country’s major financial institutions, ratifying what the parastatal described as... 

Pension fund law update

22nd April 2015 PENSION FUND LAW: CASE STUDIES AND GENERAL UPDATE The Professional Development Project of the Faculty of Law, UCT, is pleased to present an update on Pension Fund Law on 24 April 2015 from 9:00 to 15:00. ABOUT THE COURSE This course is designed to give participants a practical update on recent... 

Mining houses, other stakeholders in bid to mitigate high levels of indebtedness among workers

By: Zandile Mavuso     28th November 2014 About 6.72% of mineworkers in South Africa have been issued with emolument attachment orders (EAOs), which has resulted in a crisis of indebtedness in the mining sector – a crisis that some believe is one of the major underlying factors of the recent labour unrest and protracted strike action.... 

Mining houses, other stakeholders in bid to mitigate high levels of indebtedness among workers

By: Zandile Mavuso     28th November 2014 About 6.72% of mineworkers in South Africa have been issued with emolument attachment orders (EAOs), which has resulted in a crisis of indebtedness in the mining sector – a crisis that some believe is one of the major underlying factors of the recent labour unrest and protracted strike action. 

Old Mutual decreases Lonmin voting rights

By: Leandi Kolver     2nd October 2014 Investment group Old Mutual on Thursday decreased its voting rights in platinum miner Lonmin to below 7%. Following the transaction, Old Mutual held 39.37-million, or 6.9%, voting rights in the platinum miner. 

Labour overshadowing other issues in mining

By: Zandile Mavuso     30th May 2014 International financial services and investment group Old Mutual states that while the South African mining sector is experiencing trying times pertaining to labour issues within the sector, other issues in the industry, such as legislation around mine closure and rehabilitation, are being... 

Mpho Tlala

By: Martin Creamer     5th July 2013 Position: CEO of MRT Mining and Consulting Pty Main Activity of the Company: Mining Consulting and Project Management Date and Place of Birth: November 5, 1976, Hammanskraal Education: BSc Eng Mining (Wits), MEng Mining (Wits), MBL (Unisa), MPhil Workplace Ethics (Pretoria) First Job: Anglo... 

CSI efforts earn Anglo a mention in prestigious handbook

By: Nomvelo Buthelezi     15th March 2013 Mining company Anglo American reputation for making a real difference in communities through its Corporate Social Investment (CSI) initiatives has been externally recognised, as the company was rated first among nonprofit and corporate companies in the fifteenth edition of Trialogue’s CSI Handbook. 

Mining veteran Dlamini buys into underground safety support firm

By: Nomvelo Buthelezi     1st March 2013 Safety equipment provider M and J Mining has concluded a strategic investment with mining veteran Kuseni Dlamini. 


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