CoAL reports Chapudi, Makhado progress
The deadline to complete Coal of Africa’s $75m acquisition of Rio Tinto’s
Chapudi coal assets has been extended to end-May, allowing for Section 11
approval from the DMR.
Cooke, Randfontein lift Gold One output
Gold One International has posted an 85% quarterly increase in gold production, following the incorporation of the Cooke underground and Randfontein surface operations in its results.
Botswana reaps rewards of De Beers move
The move of the De Beers Diamond Trading Company from London to Gaborone
in Botswana is one of the biggest ever transfers of economic activity in the
history of Africa.
DRDGold shares up as Ergo shines
DRDGold’s Ergo surface operations has put in a strong performance for the
company, with promises of further upside as construction on another project
starts.
Codelco fails in bid for Anglo’s Chile profits
Chile’s Codelco has failed in its bid to seize more than $200m in profits from
Anglo American operations in the South American country over which it claims
part ownership.
Hostility grows over First Uranium deals
More First Uranium shareholders have indicated their opposition to the sale of
the company’s key assets, with some saying a bankruptcy process will serve
their interests better.
Anooraq soon to be ‘Atlatsa’
Anooraq says it will proceed with its proposed name change to Atlatsa Resources, following the approval of the move by the TSX Venture Exchange.
Forbes Coal in shares buyback
Forbes Coal says it will buy up to 5% of its own shares, a move prompted by the group's prevailing low market valuation.
CoAL takes delivery of Vele plant
Coal of Africa’s first producing coking coal colliery in South Africa, the Vele mine in Limpopo, has taken delivery of the plant from the project engineering consultants.
Gold Fields shortens KDC’s estimates
Gold Fields’ Kloof-Driefontein complex on the West Rand, one of the country’s
largest gold mines, will be exhausted by 2028.