RBPlats likely to tap market for Styldrift funds
The basket price for platinum group metals was likely to see Royal Bafokeng
Platinum tap shareholders for funds to complete its R7.9bn share of the Styldrift
project, but not before 2014.
Village keeps to dividend promise
Village Main Reef will distribute around 75% of its proceeds from First Uranium
as a special dividend to shareholders.
Aquarius ices Everest, blames market, unions
Aquarius Platinum, in an effort to preserve cash amid crippling platinum group
metal prices, has put its Everest project on care and maintenance - the second
mine it has shelved in a month.
Shares in ContiCoal recover after mystery slide
Shares in Australian-listed Continental Coal, which operates two mines in South
Africa and is developing two others, recovered after a mystery one-quarter
decline.
Wescoal storms back, optimism high
Wescoal said high domestic prices and new production from the Eskom-
dedicated Vlakvarkfontein boded well for another earnings improvement in the
current financial year.
How to get ahead in mining
The possibility of earning a good keep with a career in mining will not be over
soon, but careful planning and a knack for some key soft skills will make you
rise higher than your well-paid peers.
PTM waves the flag for Western Bushveld JV
Platinum Group Metals has confirmed it is proceeding with its plans to finance
and complete the Western Bushveld JV platinum mine, as well as expanding its
Waterberg discovery.
Optimum Coal’s loss is Metmar’s Gain
The R92m Peter Gain walked away with following the R10bn sale of Optimum
Coal Holdings to Glencore International is being pumped into recapitalising
Metmar, the metals trading company.
BHP Billiton to remain Eskom’s darling
Eskom will continue to allow BHP Billiton to produce aluminium with subsidised
electricity, even if winter conditions make load shedding necessary.
DMR commissions platinum task team
The Department of Mineral Resources will convene a task team to look into the
challenges facing beleaguered platinum miners.