Bushveld confident convertible bond finalised by December
BUSHVELD Minerals was confident it would refinance part of $45m in convertible debt by December. The negotiations are an important element in securing the proposed...
Gold tests $1,600 but Europe anxiety weighs
Spot gold is struggling to breach $1,600 an ounce, as investors remain nervous over the progress of the euro zone's efforts to rein in its debt crisis.
Glencore tops up year-end payout to $7.1bn amid ‘unprecedented’ energy market
GLENCORE announced today a $2bn supplement to the year-end payout saying the increase was owing to booming and volatile energy markets.
A total of $7.1bn in...
Shares in Giyani sink to one-year low after announcing $281m manganese...
GIYANI Metals, a Toronto-listed firm developing the K. Hill manganese project in Botswana, estimated an initial capital cost of $281m for its venture which...
Govt asks miners for turnover-based donations to junior fund
SOUTH Africa's Department of Mineral Resources (DMR) has approached the country's mining sector to contribute a portion of its turnover to a junior miner...
Cutifani to put Anglo under microscope
Mark Cutifani would spend the first four months as CEO of Anglo American assessing asset mix and competitiveness, according to an internal company interview.
Lucapa reopens Mothae mine as Lesotho brings 14-day Covid-19 lockdown to...
LUCAPA Diamond Company said its Mothae mine in Lesotho had reopened in line with the ending of the country's 14-day Covid-19 lockdown.
"It is great...
CoAL ends Mooiplaats strike, but market bites
Coal of Africa said a six-week strike at its Mooiplaats colliery in Mpumalanga
province was over, but the lower production and poor markets will make to a tough
first half of its financial year.
Zimbabwe asked to pay $70m after platinum, nickel assets cancelled 10...
ZIMBABWE has been asked to pay $70m after losing international arbitration proceedings related to the cancellation of platinum and nickel holdings, said Bloomberg News.
An alternative...
SA to start nuclear bidding in 2012
SA needs to start the procurement for its planned nuclear plants next year so it can commission the first 1,600 MW power station by 2023, says a government official.