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African Rainbow Minerals said its Modikwa Platinum Mine had withdrawn from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.
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.
Nkwe still in talks over JV
Nkwe Platinum says it is still finalising its joint venture and mine development
negotiations.
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.
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.
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.
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.