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VMR considers asset, company sale options

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Village Main Reef said it would consider selling the entire company "as a going concern" although there was no formal process to do this "at the moment".

Transnet captures R24bn coal deal with BHP

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State owned transport utility Transnet said 28 other agreements would follow by the end of November providing a massive fillip to its credit standing.

Law calls open season on fracking, mining appeals

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Recent amendments to environmental legislation make it possible for anyone to automatically appeal - and suspend - a mining, gas or petroleum project.

Teba seeks frontline role in restitution

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Weary of taking the backrow seats, Teba says it will now seize its opportunity in improving employee mining conditions, health and safety, and job placement.

NAMF II closed after failure to “gather traction”

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One of the principals behind the New Africa Mining Fund, the Development Bank of Southern Africa, said the venture capital initiative had been shut down.

Petmin up as market shakes off write-downs

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Petmin's Somkhele anthracite and thermal coal operation lifted volumes and helped stave off lower prices, but elsewhere write-downs continue to dog the firm.

Master Drilling watchful of Pt restructure

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Master Drilling lifted its exposure to the South African mining industry in the first six months of this year and may do so further if platinum restructuring occurs.

VMR won’t follow ContiCoal rights issue

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The clean-out of assets at Village Main Reef continues with the investment firm passing up the chance to invest more funds in Continental Coal.

Pay day for BHP Billiton directors

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Directors of BHP Billiton cashed in last week selling shares after the group posted a 23% improvement in earnings but passed up the chance of a share buy-back.

Exxaro parlays diversification into coal exports

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Bruised by its R5.7bn foray into the Congo's iron ore sector, Exxaro said it would stick to its diversification strategy but placed the emphasis on optimising its coal resources.