Cape Town, 5 February 2013 – Mining code changes proposed by a number of African countries will deter further investment there, Randgold Resources chief executive Mark Bristow cautioned today. Mark Bristow speaking at DRC Breakfast at Mining Indaba 2013 (MNM Picture)
State-controlled investor ZCCM wants the companies in which it has shareholdings to alter their dividend policies to improve transparency and increase payouts. Zambian subsidiaries of Vedanta Resources Plc and Glencore International Plc are among companies that should pay higher dividends to minority shareholder ZCCM Investment Holdings Plc, the state-controlled investor said.
Robert Friedland is considering a secondary listing for Ivanplats in Johannesburg, a change from an earlier plan to head to London. Mining entrepreneur Robert Friedland is considering a secondary listing for his African-focused miner, Ivanplats, in Johannesburg, a change from an earlier plan to head to London.
According to people familiar with his thinking, Ivan Glasenberg may consider a long-speculated takeover of Anglo American after he takes over Xstrata. What will Ivan do next? That’s the question likely to percolate amid seaside cocktails in Cape Town this week as mining executives gather for a four-day industry confab of speeches and discreet meetings.
Donald Kaberuka, AfDB President (Lesenegalais.net Picture) (Bloomberg) – The African Development Bank halted plans to consider offering the Democratic Republic of Congo $87 million in budget support after the International Monetary Fund cut its loan program over the nation’s opaque mining deals.
Matata et Yuma (Radiookapi.net Picture) Dans un communiqué rendu public, dimanche 23 décembre, le ministre délégué aux Finances, Patrice Kitebi, appelle les responsables de la Gécamines à améliorer la gouvernance dans cette entreprise publique transformée en société commerciale en 2011. Ce communiqué fait suite à la suspension des prêts accordés à la RDC par le Fonds monétaire international (FMI) décidée à la fin du mois de novembre à cause de la non publication de certains contrats miniers.
ENRC a racheté pour 550 millions de dollars les parts de l’homme d’affaires israélien Dan Gertler dans Camrose Resources. Le minier kazakh entend ainsi mettre fin à ses rapports avec l’homme d’affaires controversé.
