Anglo Platinum: mixed responses – Financial Mail
Without the burden of one-off restructuring costs and write-downs, Anglo American Platinum’s headline earnings would have increased by about 37% for the past year to December, when compared with 2014. Including the costs of adapting to a weak platinum price, its headline earnings will instead drop by about 90%. The comparison with 2014 looks good only […]
Nene sacking an ironic fillip for SA's gold sector – Business Day
Jacob Zuma is causing turmoil in financial markets and unwittingly throwing a lifeline to his country’s struggling gold industry. Mr Zuma’s decision to fire respected finance minister Nhlanhla Nene drove the rand to a record low, instantly reducing labour and other costs in the local currency for mining companies, relative to the US dollars they […]
