Randgold pulls out of Obuasi JV with AngloGold
Randgold Resources has withdrawn from an agreement to mechanise Obuasi, the Ghana gold mine that saw owner AngloGold burn $300m a year.
Brown’s brave new CoAL within grasp
David Brown has done a remarkable job stabilising CoAL, but his latest plan to catapult the company into a new league could be threatened by IchorCoal.
Resgen to weigh benefits of IPP coal supply
Rob Lowe, interim CEO of Resource Generation, said the supply of coal to a 245MW independent power producer figured highly in the firm's priorities.
Kumba objects to Sishen domestic supply condition
Conditions laid down by the DMR on domestic iron ore supply and procurement are holding up the granting of the residual Sishen mining right to Kumba.
DMR turmoil deepens as Ramontja quits
The resignation of Thibedi Ramontja, effective end-January, may be a reverberation from the change of mines minister in September.
DBCM’s Barton tips diamonds to lead recovery
De Beers Consolidated Mines CEO, Phillip Barton, has tipped diamonds to be the first mining product to recover following a slump in prices.
Govt suspended platinum mining in Rustenburg
The mines safety inspectorate in the North West province said underground operations had to close - and then, unusually, changed its mine 24 hours later.
Guptas snap up Optimum Coal for R2.15bn
The Gupta family have bought Optimum Coal Mine out of business rescue through associate business Tegeta with Glencore advancing R400m to secure the deal.
Lonmin $400m rights offer under-subscribed
Lonmin's controversial $400m rights offer was under-subscribed by some 30% with the firm's bankers now seeking to place the shares in the open market.
Glencore to chase net debt down to $18bn
Glencore said it would chase net debt down to $18bn or $19bn by end-2016 and unveiled further capital expenditure cuts as low metal prices persisted.