Sunday, April 22, 2018

It is unclear whether ArcelorMittal SA, the South African arm of the world's largest steel producer, will re-bid for a stake in Zimbabwean Iron and Steel Company (Zisco).

Central African Gold, the gold company with a portfolio of production and exploration assets in Africa, says that three major shareholders have sold their shares in the company.

Northam Platinum has increased its capital expenditure estimates for its flagship Booysendal project to R3.6bn.

Coal of Africa Ltd will raise R619m in a rights issue to fund studies into its Makhado project, acquistions of contiguous properties as well as pay down debt.

Junior gold producer Simmer & Jack Mines has announced the appointment of Marius Saaiman as chief financial officer.

Power utility Eskom says it is ready should its 16,000 workers decide to go on a strike over wages.

African Eagle Resources Plc has more than doubled the size of the resource estimate at its Dutwa nickel project in Tanzania, the firm says.

Resources giant BHP Billiton has increased its drive for African iron ore, which will lessen its reliance on Australian mineral stores in the longer term.

About half of the R700m raised as the Bakubung nation's Wesizwe Platinum shares was invested in microlender Mafori Capital, it has been confirmed.

Diamond exploration company African Diamonds expects the AK6 diamond mine in Botswana to come on stream in the third quarter of 2011.