Bushveld cuts debt, finances expansion in $22.2m capital raise
BUSHVELD Minerals raised $22.2m in a rights issue and said the proceeds would go towards the repayment of debt and the expansion of its...
Anglo’s Cutifani supportive of Kumba diversification plan
AN interesting aspect of Kumba Iron Ore’s full-year results presentation last month was its so-called 'step-out plan' – a strategy in which it would consider...
Kumba studies ‘step-out’ growth plan as iron ore market shifts
ANGLO American listed subsidiary Kumba Iron Ore set down plans for a more outward looking "step-out" strategy partly aimed at replacing diminishing reserves at...
Pallinghurst to collect $8m as Jupiter unveils third buy-back
THE star performer in the Pallinghurst Resources stable - Jupiter Mines - has launched its third buy-back offer of the last 12 months undertaking...
China’s Aquila takes battle for Gravenhage to Constitutional Court
A CHINESE company that has spent R150m exploring for manganese in South Africa's Northern Cape, has expressed its astonishment at having to challenge a Supreme...
Australia forecasts 20% iron ore price decline in 2018
AUSTRALIA forecast a 20% drop in the iron ore price to an average of $51.50/t in 2018 versus 2017, said Reuters citing a government...
Pallinghurst studying exit options from manganese miner, Tshipi
PALLINGHURST Resources is considering exiting its investment in Tshipi é Ntle Manganese Mining (Tshipi), a manganese miner operating in South Africa's Northern Cape province....
Chrome producer Tharisa signs five year Chinese supply deal
Chrome producer Tharisa has struck a five year deal to supply Chinese steel group Tisco (Taiyuan Iron & Steel Group Company) with about 25%...
First Quantum had agreed to conditional Zambia power tariff hike
FIRST Quantum Minerals said it was working to resolve a dispute with the Zambian authorities over compliance with a new electricity tariff which has...
ARM, Vale to sell JV shares in $400m Lubambe mine for...
JOHANNESBURG-listed African Rainbow Minerals (ARM) and Vale, the Brazilian state-owned company, are to sell their joint venture stake in Zambia's Lubambe Copper Mine to...