Tharisa bags R1bn debt, quadruples mine output
Tharisa confirmed debt facilities of R1bn, which will help it put its chrome and
PGM mine on the map ahead of a possible listing.
Randgold’s Malian assets operational
Randgold Resources CEO Mark Bristow says the company's operations in Mali are
operational, adding that conditions in the country are returning to normal.
Mali neighbours mull sanctions to oust junta
Sanctions or even direct force would be used to eject the military junta that last
week deposed Mali's government.
Coal prices to keep head above water
India and China demand for coal would help keep prices above $100/t which Anglo
Coal Thermal CEO, Norman Mbazima, said was "not great" but still profitable for the
company.
Zimplats sideshow
For all the international attention on negotiations between Zimbabwe and
Impala Platinum, one can’t escape the suspicion that it’s all a bit of a
sideshow for the Implats share price.
Rio Tinto reviews its diamond business
Rio Tinto says it has begun a strategic review of its diamonds business, a move which may include divesting from all its current interests.
No quiet exit for First Uranium
The chances of First Uranium being afforded a dignified death seem slim as
disgruntled shareholders are organising a rebellion against the disposal of key
assets.
Glencore, Ramaphosa take control of Optimum
Glencore International says it and businessman Cyril Ramaphosa has gained a majority holding of Optimum Coal.
Ramaphosa appointed Optimum chair
Optimum Coal says it has appointed businessman Cyril Ramaphosa as chairperson and non-executive director of the company.
Aurora “virtually a Ponzi scheme’
The liquidators of Aurora Empowerment Systems have revealed that the
company only has R2,000 left in 10 bank accounts, leaving workers with no
hope of ever being paid.