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.
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.
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.
CoAL completes NiMag management buyout
Coal of Africa says the conditions for the management buyout of subsidiaries Nimag and Metalloy Resources for R54m have been met.
Central Rand Gold seeks image makeover
Central Rand Gold is seeking to restore its credibility in the market as it
prepares shareholders for a future fundraising, saying it is working on the
details of a credible long-term strategy.
Amsa, Highveld face collusion charge
The Competition Commission has referred a collusion case against
ArcelorMittal SA and Highveld Steel and Vanadium to the Tribunal, asking for a
penalty of 10% of turnover.
Gold One, FIU sign binding Ezulwini deal
Gold One International and First Uranium Corporation have signed a binding sales agreement on the transfer of Ezulwini mine.
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.
Pallinghurst to pursue “bargain’ rights offer
Pallinghurst Resources has approved a new rights offering for R800m, priced at
around a third of its net asset value, as the company looks to add coal and
copper properties to its asset base.
Anglo American launches R4.2bn Zibulo colliery
Anglo American has officially launched its Zibulo Colliery in Mpumalanga, the first major project to be completed under its empowerment company Anglo American Inyosi Coal.