Off The Wires

CoAL kept waiting on R250m Mooiplaats deal

0
Coal of Africa said it had given Blackspear Capital until end-June to provide proof of funding for the R250m purchase of the Mooiplaats colliery.

Acacia swings into $197m full-year net loss

0
Acacia Mining suffered a heavy $197m net loss for its 2015 financial year, but it kept its dividend unchanged with the previous year.

Kinross to reconfigure struggling mines

0
J Paul Rollinson told Bloomberg News now was not the right time to sell the firm's high cost mines, such as Tasiast in Mauritania, but rather to reconfigure them.

Universal bags R525m loan for NCC

0
Universal Coal said it had secured R525m in debt from Investec Bank to fund the second phase of its New Clydesdale Colliery.

Wescoal headline earnings lower

0
Wescoal Holdings would report lower headline earnings owing to an exceptional item in the previous financial year in which it sold mineral rights for R71m.

Anglo may have lost $1.7bn on Amapa

0
Anglo American has taken a major haircut - possibly as much as $1.7bn - on the sale of its Amapa iron ore mine in Brazil, according to a report.

De Beers to put Snap Lake into mothballs

0
De Beers has put its Snap Lake diamond mine in Canada into mothballs with the loss of some 434 jobs, the diamond company said.

Anglo American may cut dividend, say banks

0
Three banking groups said Anglo American may cut its interim dividend amid a slide in commodity prices.

500 down tools at Glencore’s Koornfontein

0
Workers at Glencore's coal mine Koornfontein downed tools over packages offered to retrenched employees, and said they would apply for a secondary strike.