R/€ = 14.77 Change: 0.00
R/$ = 11.97 Change: -0.01
Au 1342.49 $/oz Change: -10.30
Pt 935.00 $/oz Change: -15.81


Pan African raising cash for BEE toughening, funding headroom

By: Martin Creamer     26th May 2016 Gold-, platinum- and coal-mining company Pan African Resources told shareholders on Thursday that it would be raising equity capital to cement its black economic-empowerment (BEE) compliance and provide it with financial headroom for swift access to organic and acquisitive growth opportunities.... 

Pan African completes acquisition of Uitkomst colliery

By: Samantha Herbst     4th April 2016 Dual-listed precious metals mining group Pan African Resources has completed the acquisition of Uitkomst colliery from investment holdings company Oakleaf Investment Holdings and minerals company Shanduka Resources for a revised purchase consideration of R176-million. Pan African assumed... 

Pan African looks forward to improved 2016 performance, buys coal mine

By: Megan van Wyngaardt     9th June 2015 Following an “extremely challenging” 2015 financial year, precious metals miner Pan African Resources expects to deliver an improved performance in the 2016 financial year. The company announced late on Monday that it expects its earnings per share (EPS) and headline earnings per share (HEPS) for... 

Pembani, Shanduka merger nears close

By: Natalie Greve     1st June 2015 Shareholders of Pembani and empowerment group Shanduka have signed the transaction agreements and submitted the requisite regulatory filings related to the merger of the two companies to form a black-controlled natural resources and industrial group. The completion of the transaction remained... 

Holding steps down as Pan African CEO

By: Creamer Media Reporter      5th February 2015 Ron Holding will retire as CEO of JSE-listed gold miner Pan African Resources, effective March 1. FD Cobus Loots, who has been a Pan African director since 2009, would succeed Holding as CEO, the company reported on Thursday. 

Securing sufficient quality scrap metal is key challenge – Scaw

By: Martin Creamer     25th September 2014 Securing sufficient scrap metal of the correct quality in order to ensure the efficient and sustainable operation of numerous electric arc furnaces is a key challenge currently faced by the Scaw Metals Group of Ekurhuleni. Another challenge also being addressed by Scaw CEO Markus Hannemann and... 

Industry leaders reflect on evolution of SA's mining industry over last two decades

By: Jade Davenport     25th April 2014 The mining industry has, from a historical perspective, played an inherently complex and contradictory role within South Africa’s sociopolitical economy. While the industry has, for more than a century, been the main driver of phenomenal economic growth and industrialisation, it was also partly... 

Pan African appoints Holding CEO, brings back former FD

By: Natalie Greve     9th September 2013 JSE- and Aim-listed Pan African Resources has appointed former COO and joint interim CEO Ron Holding as CEO and director with immediate effect. The company also announced that former FD and Shanduka Resources MD Cobus Loots would reprise his position from October 1, following the resignation of... 

New Scaw chief eyeing niche steel beneficiation prospects

By: Terence Creamer     6th August 2013 Newly appointed Scaw Metals CEO Markus Hannemann says that, while his first priority is to oversee an internal review and stabilisation programme at the 7 000-employee-strong steel products manufacturer, he already has his eye on a number niche expansion prospects. Hannemann, whose appointment... 

Scaw mulling big cogen project as part of R3.4bn investment plan

By: Terence Creamer     15th July 2013 Steel and steel products manufacturer Scaw Metals is considering investments collectively valued at R3.4-billion over the coming three years, including a possible R1-billion investment into a cogeneration electricity plant at its Germiston facility, on Gauteng’s East Rand. Acting CEO Markus... 

Attention turns to Scaw’s capital constraints following R3.4bn IDC takeover

By: Terence Creamer     26th November 2012 South Africa’s State-owned Industrial Development Corporation (IDC) says it is aware of the capital constraints that continue to hinder Scaw Metals from realising its growth ambitions and that are constraining it from playing a more meaningful reindustrialisation role. However, mining and... 

New Scaw owners home in on African mining, infrastructure prospects

By: Terence Creamer     26th November 2012 Resources group Anglo American reported on Monday that it had completed the R3.4-billion sale of South African steel group Scaw to a consortium led by the State-owned Industrial Development Corporation (IDC). The consortium also includes black economic-empowerment (BEE) groups Izingwe Holdings,... 

Lonmin killings symbolise crisis – ANC NEC member   

By: Martin Creamer     20th August 2012 The killings at the Marikana mine of Lonmin Platinum symbolise that South Africa may be reaching points of crisis that need to be nipped in the bud, says African National Congress National Executive Committee member Joel Netshitenzhe. Last week’s violent illegal strike and police shootout at the... 

$200m Beira export terminal opens, Shanduka concludes Glencore coal deal and other news in the Coal Roundup

By: Research Author      18th July 2012 The June edition of the Coal Roundup covers activities in the coal sector across the globe. Some of the stories in this electronic report include details of International farm-in and joint venture agreement with Queensland Coal Investments; the opening of the new $200-million coal export... 

Shanduka Group now owns majority stake in Shanduka Coal

By: Natasha Odendaal     28th June 2012 London-listed Glencore International on Thursday completed the transfer of 20% of its shareholding in Shanduka Coal to Shanduka Resources. Shanduka Resources, a wholly owned subsidiary of South African black economic empowerment partner Shanduka Group, now owned a 50.01% shareholding of the coal... 

Anglo American sells Scaw to IDC-led group in R3.4bn deal

By: Martin Creamer     24th April 2012 Diversified miner Anglo American on Tuesday announced the final stage of the $1.4-billion Scaw Metals Group divestment with the sale of integrated steelmaker Scaw South Africa to an investment consortium led by South Africa’s State-owned Industrial Development Corporation (IDC). Included in the... 


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