Search Results for: Gold Fields
Rockwell Diamonds: Negative ten-bagger hanging in for a brighter future
As you can see from the share price graph (below), Rockwell Diamond shareholders have seen better days, Much better days. But despite the meltdown in its share price as money sucked away from explorers and junior miners after the Financial Crisis,  the company has survived and as you’ll see in this CNBC Africa interview, CEO James … Read more
Suicide car bomb kills 5 in bar district of north Nigeria’s Kano
By Ibrahim Shuaibu KANO (Reuters) – A suicide car bomber killed five people on a street of popular bars and restaurants in the northern Nigerian city of Kano on Sunday evening, in an area mostly inhabited by southern Christians, police said. Kano police spokesman Musa Majiya said the bomber struck Gold Coast Street in the … Read more
Woolworths wins the Reputation Institute Survey
The bloodbath in company reputations has largely continued this year, with the exception of retailer Woolworths, which emerged with an even stronger reputation in Reputation Institute’s National RepTrak® Pulse survey. Last year’s top company, Vodacom, fared particularly poorly in 2014, dropping a massive 9.35 points to sixth position in the table, one position below its … Read more
Glencore Xstrata Q1 production report
Glencore Xstrata has released its 2014 Q1 production report, here are some key highlights – Own source copper production up 24% to 382,000 tonnes, driven by the expansions at Mutanda and Ernest Henry and improved production at Collahuasi and Antamina. Own source zinc production was 306,000 tonnes, down 18% due to Perseverance and Brunswick reaching … Read more
Egypt tries to save money on wheat subsidies
By MAGGIE HYDE Associated Press Egypt will try to save half the money it spends on wheat subsidies by issuing a new smart card system to ensure that the cheap bread goes to only the neediest. Egypt is the world’s largest importer of wheat and the country’s supply is subject to price changes on the … Read more
Why SA firms struggle in Aus; and BHPB “not exactly bullish” about Zumaland
Paul Whitburn, a team member of deep value investment house Re:CM, shares the forthright approach of company founder and chairman Piet Viljoen. Whitburn, our market watcher on CNBC Africa’s Power Lunch today, dispensed with diplomacy in a conversation which ranged from BHP Billiton’s bearish view on South Africa through to a view on why companies … Read more
On Government Business: Sizing up latest tenders, from dodgy deals to juicy contracts
Regular Biznews visitors may be pleased to learn that popular small business blogger Irvine Green has decided to also cast a discerning eye across the tender business. He’s got the knack for spotting money-making opportunities, but he also knows a scam when he sees one. At the very least, Irvine will highlight for you the … Read more
Peter Major: Chasing ten baggers in SA’s mining industry. And, yes, they exist.
Peter Major is one of the most recognisable of South Africa’s money managers. Outspoken, articulate, forthright – the 59 year old’s opinions are based on a wealth of experience and deep knowledge. We first met three decades back when he was caning his Mining & Resources fund peers, outperforming the next best by ten percentage … Read more
Global miners eager for signs of welcome in SA, but fear govt interference
The South Africa mining industry has had a really rocky time, what with unreliable commodity prices and ever-more volatile labour relations. But, according to Cadiz Corporate Solutions’ Peter Major, despite its many problems, foreign companies are eager to invest in the South African mining and minerals sector. Unfortunately, this eagerness is slow to translate into … Read more