Mining law reform must build more than share prices
IN her recent FM column, Ann Crotty makes an argument that deserves a serious answer. The JSE’s problem, she writes, is not that raising capital is hard, but that there is little…
Gold miners show restraint in takeover rush
GOLD miners are pursuing acquisitions with more discipline than in previous booms, favouring share-based payment and cost savings, the Financial Times’ Lex column said. Gold…
Gold Fields will have to offer more to bag Northern Star
A SUREFIRE means of merger & acquisition (M&A) success is to pay cash — and barrel-loads of it. Easier said than done. Mining shareholders, including those of Gold Fields, want…
Gold Fields bid exposes Australia’s missing gold champion
GOLD Fields’ A$39bn ($27bn) approach for Northern Star Resources has revived an awkward question for Australia: why a country with its mining pedigree has never produced a gold…
Orion Minerals’ cornerstone investor sells 12% stake
ORION Minerals’ anchor shareholder Tembo Capital Management, a UK-based private equity firm, has sold its stake of about 12% in the copper development company. Just under half…
Ghana mining bill seeks wider state powers
GHANA plans to give the state greater control over mining companies, including the right to demand a free special share carrying veto powers over some major transactions, Reuters…
Loucas Pouroulis bows out after 15-year stint at Tharisa
THARISA founder Loucas Pouroulis is stepping down from the board after more than 15 years as chair, handing the role to lead independent director Carol Bell. Pouroulis, who has…
West African to pay out half of profits, but warns of unrest
WEST African Resources (WAF) expects full-year profit to come in at more than twice its first-half figure, with the gold miner set to pay its maiden dividend. Speaking at the…
Proposed mining laws show SA Govt has learnt nothing
SOUTH Africa’s mining industry is “crawling on the floor” while mining in Australia, Canada, America and the rest of Africa is on a conveyor belt, says Peter Major, veteran…
Sibanye-Stillwater adds A2X secondary listing
SIBANYE-Stillwater will add a secondary listing on South Africa’s A2X exchange from October 6, giving investors another platform on which to trade its shares. The precious metals…
Burkina Faso joins Africa’s gold refining drive
BURKINA Faso has opened its first gold refinery as it seeks to process more of its mineral wealth at home, Bloomberg reported. State-controlled Raffinor BF, built for $19m, can…
Mining majors chase scale despite failed megadeals
MINING companies are doubling down on mergers, joint ventures and partnerships as soaring project costs and geopolitical pressure make scale increasingly critical, Reuters…
Gold Fields threatens to walk from Aussie tilt
GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…
Barrick reaches deal with Mali unions, averts strike
BARRICK Mining has reached a new labour agreement with unions at its Loulo-Gounkoto gold mine in Mali, easing the threat of strike action, Reuters reported. The Canadian miner…
Gold Fields goes hostile in $27bn Northern Star takeover
GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…
Why Gold Fields is keen on Australia’s Northern Star
WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…
Gold Fields eyes Northern Star takeover – report
GOLD Fields has approached Northern Star Resources about a potential takeover, said Bloomberg News citing people with knowledge of the matter. A deal with Northern Star would…
Pan African poised for rerate as growth options abound
A R500m share buyback could be money well spent for Pan African Resources, the JSE-listed gold miner. Most analysts think the company is on the cusp of a rerate following its…
Former Gold Fields boss to join hunt for critical minerals
FORMER Gold Fields CEO Chris Griffith, who exited the miner four years ago after a failed mega-merger bid for Canada’s Yamana Gold, has joined a private equity venture aiming to…
Discovery targets mining with 24-hour renewables plan
DISCOVERY Green has signed several mining companies to a renewable power offering that targets 90% of their electricity needs. A mix of wind, solar and batteries can help meet…