Zimbabwe ‘owns’ 51% of non-compliant mines
Zimbabwe's indigenisation minister says the state now owns 51% of all mines that have not complied with the countries local ownership laws, according to Reuters.
PTM secures mining right for Maseve
TSX-listed Platinum Group Metals says it has been granted a mining right for its Maseve JV development with Wesizwe Platinum.
Bushveld Minerals’ brave play
Bushveld Minerals is a little-known iron ore and tin exploration firm that has
raised £5.4m on the UK’s Alternative Investment Market. CEO Fortune Mopalo
concedes there is scepticism...
Village Main Reef again falls short of target
Village Main Reef has missed its production target for a second quarter in a
row, but the strong rand gold price should enable the company to continue
delivering sufficient cash flows.
The golden doldrums
If one is called to write flashcards to explain how the gold price behaves, you’ll
probably need only two; it’s that binary. Put another way, quiet is bad
for the gold price.
New capex figure for Wesizwe’s Bakubung mine
Wesizwe Platinum has revised the capital budget estimate for the
development of the Bakubung platinum mine to R7.9bn; an increase of R1.4bn
on earlier estimates.
Evraz reviewing steel price collusion claims
Evraz Highveld Steel & Vanadium said it had mobilised its legal team to review a
case referred by the Competition Commission that the steel producer had colluded
with ArcelorMittal SA on price adjustments.
Exxaro open to more Tata ventures
Exxaro Resources will contemplate more partnerships with India’s Tata
Power, the company with which it has launched energy venture Cennergi, says
CEO Sipho Nkosi.
ContiCoal scores R140m for projects
Australian-listed Continental Coal said payment of R140m by its new empowerment
partner had begun, capital that would be used to advance the company's projects.
Beacon Hill lists in Australia
Beacon Hill Resources, a coal exploration and production firm, is seeking to broaden
its investor base after having depository receipts listed in Australia.