Saturday, April 21, 2018

The basket price for platinum group metals was likely to see Royal Bafokeng Platinum tap shareholders for funds to complete its R7.9bn share of the Styldrift project, but not before 2014.

The gold producer said all 486 miners were returned to surface safely, but the suspension of mining is another blow to the operation.

Johan Dippenaar, CEO of Petra Diamonds, said the company was happy to stick to growth plans for a 60% increase in production and doubling in revenue.

Mediation at the Labour Court was "unfolding", said South Africa's platinum producers regarding the chances of an 18 week strike being brought to an end.

Eskom CEO, Brian Molefe, felt as if Glencore was holding "a gun to his head" in coal contract negotiations.

Andre Boje, formerly of Wescoal Holdings, has joined unlisted coal development firm Minergy which is developing a prospect in Botswana's Mmamabula coalfields.

The intervention of French military forces in Mali would not affect the mines of Randgold Resources which were located some 700km from the conflict zones.

Tharisa is to join the main board of the JSE on April 8 where it will raise R1bn to repay debt, and develop its chrome and platinum Bushveld complex mine.

Shares in Wescoal Holdings worth R28m have been unbundled to its chairman as the firm plans Eskom compliant black economic empowerment.

Kumba Iron Ore’s windfall BEE payout has restored confidence in black economic empowerment.