CoAL awaits Exxaro’s buy-in in Makhado
Coal of Africa hopes to secure Exxaro Resources’ buy-in in the development of
the Makhado project - over which the diversified miner holds a 30% option -
within months.
Work resumes at Gold One’s Modder East
Gold One says worker attendance at the group's Modder East operations has returned to normal, following an unprotected strike.
Petmin profit flat, doubles Somkhele capacity
Petmin has posted an interim net profit of R47m to end-December 2011, following a period of significant capital investment in its flagship Somkhele mine.
CoAL awaits Exxaro’s buy-in in Makhado
Coal of Africa hopes to secure Exxaro Resources’ buy-in in the development of
the Makhado project - over which the diversified miner holds a 30% option -
within months.
Sasol calls for calm heads in carbon tax debate
David Constable, CEO of Sasol, said a carbon tax could hurt competitiveness in
South Africa, and urged the country to stand back to consider "unintended
consequences".
Resource rent proposal deters foreign funds
A proposal to install a resource rent tax and make the state owned mining company
more prominent in industry affairs is driving foreign funds from South Africa's
shores.
Workers down tools at Gold One’s Modder East
Gold One International said it had issued an ultimatum to striking workers at its
Modder East mine and would consider dismissal as the walk out was unprotected.
Great Basin taps market for Burnstone funds
Great Basin Gold has shored up its balance sheet again, raising R378m that is
to protect the company against possible shocks at its Burnstone mine.
Miners boosted as Eskom tariff increases slashed
The South African mining industry has granted a massive boost as Eskom has its
annual tariff increase for the 2012/13 year reduced to 16% from 25.9%.
Exxaro looks to mineral sands for 2012 boost
A major part of Exxaro Resources’ future is now captured in its mineral sands
output; a business it nearly closed just over a year ago.