Catégorie : Afrique

CYNTHIA CARROLL’S SPEECH AT GORDON INSTITUTE OF BUSINESS SCIENCE

Mining

Good afternoon Ladies and Gentlemen and thank you all very much for being here. Thank you also to our hosts at the Gordon Institute of Business Science. GIBS is not only a fine institution of learning – it has also established a tradition of fostering debate on issues critical to South Africa’s future – and I am very pleased that it is the venue for our discussion this afternoon. I want to talk to you about the path forward – to set out my views about the future for the…

Expert laments state of SA mining

Mining

Johannesburg (By: Mzwandile Jacks – Fin24) – South Africa’s resource sector continued to de-rate because of the risk associated with the mining sector, according to a Cape Town-based fund manager. Johnny Lambridis, a fund manager at Element Asset Management, said this had been driven by the miners’ strikes that have engulfed the sector in recent months.

Gold Fields takes $1.5bn demerger loans

Mining

London (Reuters, 2012-12-03) – Barclays, Credit Suisse and JP Morgan have underwritten a $1.5bn financing package to back Gold Fields’ demerger of two gold mines and refinance existing Gold Fields [JSE:GFI] debt, bankers said on Monday. The three banks have opened a $900m loan to participation by other banks and will hold the remaining $600m as a bridge loan to a planned bond issue, the bankers said.