Onyx Partners has submitted a second offer to buy the department stores after its first offer fell through last year.
Mining Titan Brian Gilbertson Dies at 82
The former BHP Billiton leader and Gemfields chairman is remembered for his influential leadership throughout his 50-year mining career.

He was 82.
Gilbertson was born on Aug. 15, 1943, in George, a city in South Africa’s Western Cape, and he attended school in Bothaville in the Free State province.
The Council for Scientific and Industrial Research (CSIR) awarded him a bursary to study at Rhodes University, where he obtained a Bachelor of Science degree, majoring in mathematics and physics.
He also earned a specialized degree in physics, followed by a Master of Science in physics in 1969 and a Master of Business Leadership by the University of South Africa in 1973, reported Mining Weekly.
He worked with CSIR to repay his bursary before joining South African mining group Johannesburg Consolidated Investment (JCI) company, which hired him to find new mineral deposits, according to his obituary, written by Peter Thompson, co-author of “The Big Fella: The Rise and Rise of BHP Billiton.”
Gilbertson’s work at JCI led to his 1973 appointment as an investigator for NASA on the Earth Resources Technology Satellite No. 1 project, according to the Mining Weekly article.
After more than a decade with JCI, Gilbertson went to work at the now-unbundled South African mining company Gencor (parts of that company are now owned by Gold Fields, South 32, and BHP) in the late 1980s. There, he was tasked with turning around the company’s then-ailing coal arm, Trans-Natal Limited.
Gencor formed Genmin to house its mining interests, and Gilbertson was soon named chairman.
After observing operations at the Carajás iron ore mine in Para, Brazil, in 1990, Gilbertson realized Gencor would have to diversify into base metals like iron ore, nickel, and bauxite if it were to join the major league of miners.
Throughout the ‘90s, producers of natural resources came together in voluntary alliances or were acquired by bigger companies, leading to the formation of mega-miners like BHP, Rio Tinto, and Anglo American.
Gilbertson led Gencor through South Africa's post-apartheid economic transition; the company broke into the international space with the 1994 purchase of Billiton from Royal Dutch Shell.
In 2001, Gilbertson curated Billiton’s merger at a premium for its shareholders with BHP Ltd. of Australia to create the dual-listed global resources giant BHP Billiton, known today as BHP.
He was appointed chief executive in Melbourne in 2022 but resigned in a shocking move less than a year later.
In 2006, Gilbertson co-founded Pallinghurst Resources—a specialist investment vehicle in the natural resources sector named after a tree-lined street near his former home in Westcliff, Johannesburg—which invested in Gemfields.
In 2017, it restructured to acquire the company, taking it private and rebranding it to Gemfields Group Limited.
Gilbertson’s son Sean became CEO in 2018, and the following year, Gilbertson stepped down as chairman and director.
He stepped down as chairman of Pallinghurst in March 2021.
Gilbertson won many awards over the years, including the Brigadier Stokes Memorial Award of the South African Institute of Mining and Metallurgy, which he was awarded in 1998 for his history of contributions to the South African mining industry.
He was also awarded a gold medal from the Institution of Mining and Metallurgy (London) for his service to the international minerals industry.
The mathematician, scientist and international industrialist also had a love of opera, squash, and cycling, and an encyclopedic knowledge of Greek and Roman classics, Thompson wrote.
Kevin Mutch, former legal director at Fabergé, wrote on the obituary website’s memory wall: “He had an eye for the theatrical too, as witnessed by his launching of the Fabergé website at a press ceremony with the go-live point timed for 9 minutes and 9 seconds past 9am on 9th September 2009 to the background of Beethoven's 9th Symphony (Ode to Joy movement).”
Gemfields’ Kartikeya Parikshya also wrote of Gilbertson: “Despite his stature and achievements, he was known for his humility and willingness to listen, ensuring that every voice was heard. He fostered a culture in which ideas were encouraged and respected. His wisdom and inclusive leadership will be remembered with deep respect and gratitude.”
According to Mining Weekly, he is survived by his wife Rensche (nee Fouché), whom he married in 1970; sons Quinton and Sean; daughters-in-law Ruth and Daniella; and five grandchildren.
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