Tuesday, June 19, 2018

Platmin bolsters its war chest with $250m as its consolidation plans take shape in the South African platinum sector.

Hulamin, an independent producer of semi-finished and fabricated aluminium products, has announced the appointment of Richard Jacob as CEO with effect from July 2010.

Mid-tier mining company Metorex says that its clawback offer has been oversubscribed. A total of 822.96 million - or 329% - shares were subscribed for.

A small group of disgruntled community members march on Wesizwe. Questions are asked if this is merely a desperate diversion tactic in light of a court bid to reveal the whereabouts of some R500m.

The acrimonious fight for control of platinum riches belonging to a North West tribe, the Bakubung-Ba-Ratheo, which is the empowerment partner of Wesziwe, is deepening.

There have been ominous developments on the board of Imperial Crown trading with Duduzane Zuma, son of the country's president, Jacob Zuma, becoming a director.

Kumba CEO Chris Griffith says a breakthrough has been reached with Transnet Freight Rail over the future expansion of the Sishen-Saldanha export corridor.

South-African based pure iron ore company Kumba Iron Ore says it expects to increase output to 70 million metric tons by 2019, from 39.4 million in 2009.

South Africa's government has developed a new business model for the State Diamond Trader, which has not worked according to expectations.

De Beers Consolidated Mines has confirmed that the closing date for expressions of interest in the Jagersfontein Diamond Property in the Free State is on Friday this week.