ARM withdraws offer as Modikwa wage talks stall
African Rainbow Minerals said its Modikwa Platinum Mine had withdrawn from
negotiations with the NUM amid a failure to resolve wage and work condition
demands underway for months.
Nkwe still in talks over JV
Nkwe Platinum says it is still finalising its joint venture and mine development
negotiations.
Great Basin in R80m BEE tiff with Gold Fields
A cancelled empowerment deal with Gold Fields is an unwanted spanner in the
works of Great Basin, which also faced scepticism regarding production targets
at its Burnstone mine.
Firestone turns down R1bn Tata Power bid
Firestone Energy says its Waterberg project is worth at least R600m more than
Tata Power’s valuation.
Zimbabwe Govt approves Anglo Pt Unki plan
The Zimbabwean government has approved Anglo Platinum's proposal to
comply
with the country's indigenisation law.
Gold One secures financing for deals
Gold One International says it has secured the necessary finance to settle the Rand Uranium and Ezulwini acquisition deals.
Tribunal allows intervention in Petmin case
Two players in the silica market have been granted leave to intervene in proceedings at the Competition Tribunal on Petmin's proposed sale of SamQuarz, reports Business Day.
Investec sees gold at $1,850
Gold may appreciate a further 10% in 2012 to an average price of around
$1,850 per ounce, as negative real interest rates continue to bolster the
appeal of the metal.
AMD treatment: The risk of becoming ill
Between 0.0005% and 0.00001% - that’s the risk consumers run of becoming
ill from using water from the purification processes proposed by WUC for
treating acid mine effluent.
Motsepe lays out R48m in share deal
In one of the larger share deals accruing to an individual so far this year,
Patrice Motsepe has exercised share options issued by African Rainbow
Minerals.