Genorah to exit Nkwe over debt
UPDATED: Nkwe Platinum looks set for a change-of-control transaction as its cash-strapped majority and BEE shareholder, Genorah Resources, seeks to sell shares to cover debt.
Gold One’s Chinese backers worry over SA
Gold One CEO Neal Froneman says his Chinese investors are anxious about labour relations in SA and that the current instability is posing a risk to the company’s growth ambitions.
Acid drainage costs surge to R2.2bn
THE cost of dealing with acid mine drainage in the Witwatersrand has escalated
to R2.2bn, says Minister of Water and Environmental Affairs, Edna Molewa.
Labour divisions halt Gold Fields’ KDC East
The NUM says the dispute that has brought Gold Fields’ KDC East mine to a
standstill is over funeral benefits, but the company points to bigger divisions
within the union.
Zimbabwe courts investors Down Under
A Zimbabwean government official has told an Australian audience his country
is a promising mining investment destination in need of partners and
capitalisation.
Harmony told it’s “too small’ for Wafi-Golpu
On a day when Harmony Gold wanted to show off new detail about its game-
changing Wafi-Golpu resource, the company ran into scepticism over its
strategy for the asset’s development.
Pan African sells Manica
Pan African Resources has finally sold its Mozambican gold project, Manica, in a cash and shares transaction potentially worth R52.5m, the company says.
Shabangu carries on beating SA’s drum
South Africa’s mining industry is still open and ready for business, Minister of
Mineral Resources Susan Shabangu tells an Australian audience.
DRDGold looks beyond gold
DRDGOLD wants to extend its surface mining footprint beyond gold, saying very
few players can match its technology to extract earnings from mining dumps in
high-volume environments.
Lonmin edges lower as no-shows continue
Lonmin’s shares inch further down as the company reports attendance figures of
8% - fewer than one in 12 of the group’s 28,000 workers.