Implats in death scandal – Sunday Times
Impala Platinum is facing criminal charges, including culpable homicide, for its role in
the death of a mine worker, according to a Sunday Times report.
PTM secures mining right for Maseve
TSX-listed Platinum Group Metals says it has been granted a mining right for its Maseve JV development with Wesizwe Platinum.
Bushveld Minerals’ brave play
Bushveld Minerals is a little-known iron ore and tin exploration firm that has
raised £5.4m on the UK’s Alternative Investment Market. CEO Fortune Mopalo
concedes there is scepticism...
Village Main Reef again falls short of target
Village Main Reef has missed its production target for a second quarter in a
row, but the strong rand gold price should enable the company to continue
delivering sufficient cash flows.
Zimbabwe ‘owns’ 51% of non-compliant mines
Zimbabwe's indigenisation minister says the state now owns 51% of all mines that have not complied with the countries local ownership laws, according to Reuters.
The golden doldrums
If one is called to write flashcards to explain how the gold price behaves, you’ll
probably need only two; it’s that binary. Put another way, quiet is bad
for the gold price.
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.
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.
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African Rainbow Minerals said its Modikwa Platinum Mine had withdrawn from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.
Exxaro open to more Tata ventures
Exxaro Resources will contemplate more partnerships with India’s Tata
Power, the company with which it has launched energy venture Cennergi, says
CEO Sipho Nkosi.