Wits Gold delivered on a plate to Sibanye
At the end of the day, Wits Gold just ran out of cash and avenues to raise more effectively presenting itself on a plate to Sibanye Gold.
Sibanye-Stillwater to call for calm as funding fears circulate
IF platinum group metal (PGM) prices stay at their current levels this year, one bleak forecast says, Sibanye-Stillwater will break its lender covenants. To...
GEM Diamonds cuts Letseng workforce by fifth
LESOTHO'S largest diamond mine has laid off 240 workers – a fifth of its staff – as plummeting gem prices and weak global demand...
Record profits for Gem Diamonds
Gem Diamonds earned record profits in the six months to end-June as prices for the top class diamonds it produces from the Letseng and Ellendale mines went through the roof.
Ekurhuleni power dispute won’t impinge on DRDGold payout plans
DRDGOLD said a decision to pay R126m amid a legal dispute with a local municipality regarding electricity tariffs would not affect its intention to pay...
Lonmin nudges BEE to 21.3% in Bapo deal
With six months before expiry of a 10-year BEE deadline, Lonmin unveils a royalties-for-equity deal with a local community upping its BEE equity participation to 21.3%.
Great Basin’s Dippenaar votes with wallet
Ferdi Dippenaar, CEO of Great Basin Gold, has put down R488,000 buying his company's shares after recent value slide.
Rio mulls more Alcan asset sales
Rio Tinto may sell some aluminium smelters and refineries with limited growth potential, and is considering a major capital investment at its Alcan unit, according to a report.
Letseng delivers for Gem Diamonds
Letseng achieved record average prices for its diamond sales in the first half of 2011, as did Ellendale in Australia for its fancy yellow stones.
RBM takes dispute over community trust governance to court after negotiations...
RICHARDS Bay Minerals (RBM) is to take a long-standing dispute over the governance of community trusts it helped create to South Africa's High Court after...