Off The Wires

ZANU-PF lays into Mimosa job cuts

ZANU-PF criticised Impala Platinum and Aquarius Platinum for proposing to cut 100 jobs at their jointly held Mimosa platinum mine.

Zimbabwe says gems to be sold to Govt.

A letter from Zimbabwe's mines secretary, Francis Gudyanga, instructs the country's diamond producers to sell their gems to the government so it can raise a loan.

DRC sells copper deposit for $10m to Mutanda

Gecamines, the Democratic Republic of Congo's copper deposit, sold its Chabara mine permit to Glencore for $10m as it sought to meet transparency rules.

Hayward confirmed as Glencore chairman

Tony Hayward has been appointed chairman of Glencore Xstrata, a role he currently holds on an interim basis.

Shandong buys Tonkolili rump for $170m

Chinese group Shandong Iron & Steel Group bought 75% of African Minerals' Tonkolili mine in Sierra Leone for $170m and will spend $600m expanding it.

CoAL concludes Yishun share placement

Coal of Africa has completed a share placement and loan agreement with China's Yishun Brightrise Investment raising a combined $24m for its Makhado project.

NUM fails in court bid to stop restructuring

The National Union of Mineworkers failed in a court bid today to halt the planned retrenchments of 3,300 workers at Amplats' Rustenburg mines.

TFR to shut coal line for 12 days in May

Transnet Freight Rail, a division of Transnet, said the Richards Bay coal line will shut for 12 days for annual maintenance and expansion development reasons.

Universal bags R525m loan for NCC

Universal Coal said it had secured R525m in debt from Investec Bank to fund the second phase of its New Clydesdale Colliery.

Stonewall considering Johannesburg listing

Australian gold junior, Stonewall Mining, which mines gold in South Africa's Mpumalanga province, said it was considering a Johannesburg listing.