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Mvela Resources full-year earnings down
Mvelaphanda Resources reported a sharp drop in full-year headline earnings on Thursday, hit by an accounting change.
Mvelaphanda Resources
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Mvela sells part of its Northam stake
Mvelaphanda Resources said on Monday it would sell 44-million shares in Northam to Kazakh group ENRC in a bid to simplify its corporate structure.
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Implats closer to R21,2bn takeover
Impala Platinum’s (Implats) R21,2-billion bid for Mvelaphanda Resources and Northam Platinum has moved a step closer to formalisation.
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Implats down after it unveils deal, Mvela up
Shares in Impala Platinum fell more than 3% on Friday after it unveiled plans to buy Mvelaphanda Resources and Northam Platinum for R22-billion.
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Implats says to buy Mvela, Northam in $3bn deal
Impala Platinum said on Thursday it had proposed a cash and shares deal valued at about R25-billion to buy Mvelaphanda Resources and Northam Platinum.
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Mvela’s stock soars on talk of Implats deal
Shares in Mvelaphanda Resources closed 8% up on Wednesday on speculation of an imminent announcement on a tie-up with Implats.
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Implats in talks with Mvelaphanda, Northam
Impala Platinum said on Friday it is in talks with Mvelaphanda Resources and Northam Platinum, sending shares of all three mining companies soaring.
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Mvela says no talks with Aquarius, Lonmin
Mvelaphanda Resources denied on Monday it was in talks with Aquarius Platinum about a merger with the world’s number three platinum producer Lonmin.
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Northam earnings up on metal price, output dips
Northam Platinum posted a 12% rise in full-year earnings on high metal prices, despite weaker output, and forecast rising output.
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Nedbank funds Mvela in Northam deal
Nedbank Capital has structured a deal that will assist BEE mining company Mvelaphanda Resources increase its stake in Northam Platinum to 63%.
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Northam shut mine after worker killed
South Africa’s Northam Platinum said on Wednesday it expected to lose about 1 000 ounces per day of output after shutting its mine early on Tuesday when a worker was killed in a rockfall. The mine — the world’s deepest platinum mine — produces about 325 000 PGM ounces of platinum a year.
