Vitol speculated to take stake in CIC Energy
Dutch commodity trading group, Vitol, may take a 9.1% stake in Toronto-listed coal
exploration company, CIC Energy, according to a report by Reuters.
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.
Glencore, Ramaphosa take control of Optimum
Glencore International says it and businessman Cyril Ramaphosa has gained a majority holding of Optimum Coal.
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.
Ramaphosa appointed Optimum chair
Optimum Coal says it has appointed businessman Cyril Ramaphosa as chairperson and non-executive director of 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.
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.
MDM to do Gold Fields, Gold One JV scoping study
MDM Engineering says it has been awarded the scoping study contract for Gold Fields and Gold One International's proposed surface operations joint venture.
Gold Fields ‘committed’ to Mali – report
Gold Fields CEO Nick Holland says the company wants to continue its exploration activities in Mali, despite last week's military coup, according to Reuters.
Firestone, Sekoko in new MoU with Eskom
Firestone Energy has taken a giant step towards survival after Sekoko
Resources, its partner in the Waterberg, signed an MoU with Eskom on a 30-
year supply agreement.