R/€ = 15.88 Change: 0.01
R/$ = 14.01 Change: 0.01
Au 1325.95 $/oz Change: -9.62
Pt 827.11 $/oz Change: 3.70


'Off to the races' for South African assets as Ramaphosa steps in

By: Bloomberg     15th February 2018 Stocks surged the most since December 2014, the rand rallied to a three-year high and bond yields fell to a level last seen more than two years ago as market favorite Cyril Ramaphosa took the helm of Africa’s most industrialized economy. “This is the Cyril bonus,” said Wayne McCurrie, the head of... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

Appointment of Mr. Feng Tao as the new Financial Director and Executive Director of Wesizwe Platinum Limited

3rd July 2017 In accordance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited shareholders are hereby informed that the Wesizwe Platinum Board has appointed Mr. Feng Tao as Financial Director and Executive Director of the company with effect from 01 July 2017. Mr. Feng Tao will fill the... 

Wesizwe appoints new FD

By: Megan van Wyngaardt     30th June 2017 JSE-listed Wesizwe Platinum has appointed Feng Tao FD, effective July 1. Tao, who holds an MBA from Schulich School of Business, York University, in the US, and a Bachelor of Law degree from Jilin University, Changchun, China, will fill the vacancy that was left open by the resignation of... 

Johannesburg profit estimates soar as miners climb out of pit

By: Bloomberg     15th May 2017 Earnings estimates for South African stocks are at their highest ever, as analysts expect a major recovery in mining companies’ profits following a global rally in commodity prices in the past year. “For the first time in five years, there’s a good commodity cycle and the mining earnings were so... 

Cisco to digitally reinvent Barrick’s business

By: Creamer Media Reporter      13th September 2016 US networking equipment provider Cisco has partnered with gold major Barrick Gold to digitally reinvent the miner’s business, the companies announced Monday. The focus will be on research and development over the course of the collaboration, starting the development of a flagship digital... 

TransCanada to buy US natural gas pipeline operator Columbia for $13bn

By: Henry Lazenby     18th March 2016 Canadian oil and natural gas pipeline operator TransCanada has agreed to buy Houston, Texas-based Columbia Pipeline Group, which operates a network of 24 000 km of interstate natural gas pipelines extending from New York to the Gulf of Mexico, with a significant presence in the Appalachia... 

Canadian Mining Eye Index slows decline – EY

By: Henry Lazenby     28th May 2015 Professional services firm EY’s Canadian Mining Eye Index had slowed its decline in the three months ended March 31, falling only 1% compared with a 12% decline in the fourth quarter last year. The index, which tracked the Canadian mining sector performance of 100 TSX- and TSX-V-listed midtier... 

Australia’s EFIC grants loan for Escondida expansion

By: Esmarie Iannucci     18th March 2014 Australia’s Export Finance and Insurance Corporation (EFIC) has granted mining giants BHP Billiton and Rio Tinto a $100-million loan for the Escondida mine, in Chile. The loan will help finance Escondida’s organic growth 1 project, which involves the construction of a new 152 000 t/d concentrator. 


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