Tuesday, July 23, 2013

‘Very significant’ rerating chance for SA gold miners – Gold Fields

October 29, 2009 by · Leave a Comment 

A "very significant" rerating opportunity existed for South African gold producers, Gold Fields CEO Nick Holland said on Thursday. Holland said that the large gap that had existed between the market capitalisations of South African gold-mining stocks and those of far smaller international gold-mining companies had been closed in the past and, with proper management, [...]

Rockwell hires former Pamodzi GM as operations chief

October 28, 2009 by · Leave a Comment 

Former Pamodzi Gold East Rand GM Graham Chamberlain would take up the position of COO at JSE- and TSX-listed Rockwell Diamonds from November 1. Rockwell CEO John Bristow on Wednesday said that Chamberlain’s mix of engineering, mineral resource and financial training, as well as extensive operational experience in the senior and mid-tier mining sector would [...]

Timing in the gold market is key – Steve Palmer

October 28, 2009 by · Leave a Comment 

Steve Palmer, president and CEO of AlphaNorth Asset Management is expecting the U.S. dollar to rally in the short term and gold to sell off and is forecasting a bit of a pullback in the next month or so followed by another rally before year’s end. Interview with The Gold Report Read more….

Tamela buys 26% stake in Roymec

October 27, 2009 by · Leave a Comment 

Black-empowered investment group Tamela Holdings has bought a 26% stake in engineering contracting company Roymec in a black economic-empowerment deal funded by Investec Bank. Vusi Mahlangu and Sydney Mhlarhi, the founding management of listed mezzanine financing group, Makalani Holdings, also managed Tamela and would join Roymec’s board of directors. Read more….

Tyre Pressure Monitoring System Saves Ferrybridge Time and Money

October 26, 2009 by · Leave a Comment 

The foresight to fit their Terex TS40 motor scraper with a tyre pressure monitoring system (TMS), as part of a tyre-management programme with Wakefield-based Earth Mover Tyres, has saved Ferrybridge power station both expense and downtime when a wheel bearing on one machine overheated. The alarm built into the TMS in the driver’s cab sounded [...]

Coal of Africa boosts stake in Vele project

October 23, 2009 by · Leave a Comment 

ASX-, JSE- and Aim-listed coal producer Coal of Africa Limited (CoAL) has completed the acquisition of a 6% interest in Limpopo Coal, which owned the Vele coking coal project, taking its stake to 80%. The coal-miner on Friday issued more than 1,9-million of its shares to Shangoni Bezwe Management Services, in order to acquire the [...]

Anglo to sell Scaw, newcomer Cockerill to depart

October 22, 2009 by · Leave a Comment 

Diversified mining company Anglo American will sell noncore assets, including Scaw Metals, to focus on its core mining activities, the group announced on Thursday, when it also revealed a management reorganisation, which will see three executives leaving the company. Read more….

Lonmin, Anglo clean house as Xstrata waits in the wings

October 22, 2009 by · Leave a Comment 

Both companies announced management changes Thursday following M&A pressure from Xstrata Read more….

Greenlight’s Einhorn Predicted Lehman Brothers’ Fall; Buying Gold

October 21, 2009 by · Leave a Comment 

By Jennifer Ablan and Joseph A. Giannone Mon Oct 19, 2009 5:17pm EDT NEW YORK, Oct 19 (Reuters) – David Einhorn, the hedge fund manager who had warned on Lehman Brothers’ precarious finances, on Monday said he is buying gold and betting that interest rates will rise as he lambasted the U.S. government’s financial chiefs [...]

DOLLAR REACHES BREAKING POINT AS BANKS SHIFT RESERVES; LOSES 10.3% IN SIX MONTHS

October 12, 2009 by · Leave a Comment 

Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according [...]

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