From art and whisky to gold, investors are turning to tangible assets
There is rising demand for valuables — and a safe place to store them — amid political uncertainty.
Posts by Business Day:
Northam Platinum buys Eland mine from Glencore
Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.
Diamond miner halted after digging on ancient archaeological site
A DIAMOND mining company has until April 8 to challenge an interdict against it for mining in an archaeological site that goes back 3.2-million years.
Chrome ore China tariff threat to South Africa’s platinum producers
A vital revenue stream for platinum miners — chrome ore — may be choked off if ferrochrome producers are successful in lobbying for a protectionist export tariff of $100/ton in their desperate attempt to protect their own businesses from China’s burgeoning chrome refiners.
OZ Minerals to sell off Cambodian gold assets
OZ MINERALS announced plans yesterday to sell off its gold assets in Cambodia, closing a controversial chapter for the company that was forced to deny allegations of impropriety last year in relation to this business.
Two fatalities at South African gold mines in one day
Two South African gold mines have reported fatalities at their mines on the same day.
Xstrata withdraws disputed employee share programme
Xstrata, the diversified mining group, has withdrawn its proposed employee share ownership programme, the National Union of Mineworkers (NUM) said on Wednesday. Lesiba Seshoka, spokesperson for the union, said Xstrata had written a letter of withdrawal...
Eskom signs uranium deal with Russia
POWER utility Eskom yesterday signed a long-term contract with Russian state uranium trader Tenex to supply enriched uranium, according to the head of Russia’s state nuclear corporation, Rosatom, which owns Tenex. Low-enriched uranium is used as fuel
