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Creamer Media Reporter

Banro's major shareholders support its recapitalisation

1st February 2017 Major shareholders of TSX- and NYSE MKT-listed Banro Corporation have agreed to support the company’s recapitalisation, which will see it refinance $207.5-million of outstanding debt, equitize outstanding preferred shares and raise $45-million by way of a gold forward sale. The recapitalisation... 

Mondi appoints new CEO as Hathorn announces retirement

1st February 2017 David Hathorn will step down as CEO of packaging and paper group Mondi on May 11. He will be succeeded by Peter Oswald, who is currently CEO of Mondi’s Europe & International division. 

CoM confirms dispute over move to decentralised coal wage negotiations

1st February 2017 The Chamber of Mines (CoM) on Wednesday confirmed that it was unable to reach agreement with representative unions in the coal mining sector regarding the future structure and form of wage negotiations in the sector. The chamber noted that the coal companies it represents, namely Anglo American... 

Nord Gold mulls LSE delisting

31st January 2017 Gold miner Nord Gold on Tuesday confirmed market speculation that it is considering a possible delisting from the LSE. The company, which operates four mines in Russia, four mines in Africa and one in Kazakhstan, said its board continued to consider options to maximise shareholder value,... 

Newmont named mining sector’s top sustainability performer

31st January 2017 US gold major Newmont Mining has been singled out for leading sustainability performance and as the most improved company in the mining sector in the 2017 Sustainability Yearbook, which is published by sustainability-focused investment firm RobecoSAM. RobecoSAM manages one of the most... 

UK, SA strengthen trade ties

25th January 2017 As the UK prepares to exit the European Union (EU), South Africa is engaging the country to strengthen existing trade ties and identify new mutually beneficial investment opportunities. South Africa’s Trade and Industry Minister Dr Rob Davies and the UK Secretary of State for International Trade... 

Dawn embarks on R350m rights offer

25th January 2017 JSE-listed Distribution and Warehousing Network (Dawn) is embarking on a rights issue to raise R350-million in gross proceeds to strengthen its balance sheet to allow for the alignment of its capital structure to its business model and the current environment. Dawn has agreed terms with a... 

NSFAS pays R1.3bn in university registration fees

24th January 2017 The National Student Financial Aid Scheme (NSFAS) has dispersed some R1.3-billion to 26 public universities for the registration of students from disadvantaged backgrounds. The advanced payment of the registration fees is aimed at allowing university students to be admitted for their studies at... 

Sapvia welcomes Ramaphosa’s support of REIPPPP

18th January 2017 The South African Photovoltaic Industry Association (Sapvia) on Wednesday welcomed Deputy President Cyril Ramaphosa’s recognition of the success of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Ramaphosa was addressing delegates at the World Economic... 

Mining Indaba secures empowerment fund sponsor for junior miners

18th January 2017 A new empowerment fund, JSS Empowerment Mining Fund, has signed on as sponsor of the new Junior Miners Pavilion and the Investment Battlefield Competition at the 2017 Investing in African Mining Indaba. The newly-launched empowerment mining fund, a partnership between boutique corporate finance... 

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