Knives out for Zimbabwe’s indigenisation board
A Zimbabwean empowerment lobby group has demanded the ouster of executive board members of the National Indigenisation and Economic Empowerment Board.
GEM pulls out of running for Ekati
GEM Diamonds said it would focus on doubling the capacity of its Letseng mine in
Lesotho rather than chasing the Ekati mine, the BHP Billiton mine currently under
the hammer.
First Uranium extends Ezulwini deal date
First Uranium says it has extended the deadline for entering into a deal with Gold One International on the sale of Ezulwini gold and uranium mine.
Rockwell, Zungu settle R60m debt dispute
Rockwell Diamonds will assume control of a mining asset owned by Sandile
Zungu’s African Vanguard Resources, bringing an end to the parties’ R60m
dispute over an unpaid BEE deal.
Zimbabwe orders miners to bank locally – paper
Zimbabwe has ordered foreign mining firms to deposit their export earnings with local banks, reports state media.
Great Basin sweetens $50m share placement
Great Basin Gold has refashioned an earlier share placement, offering shares
more cheaply and adding a half warrant per share as a sweetener to a
disaffected market.
Carroll’s figures outperform Anglo
in 2011, Anglo American CEO Cynthia Carroll saw her own financial fortunes
rise considerably; she took home a 38% salary increase and received a
sizeable hike in shares.
Watchdog approves Glencore’s Optimum deal
SA's competition authorities has conditionally approved Glencore's takeover of Optimum Coal in a deal that values the company at close to $1.3bn.
Uranium (G)one
Not long ago, SA’s uranium entrepreneurs said supplying the world with fresh
production was just a case of flicking the switch. So how did the demise of the
industry come about?
Great Basin in talks to bail out BEE partner
When it rains it pours for Great Basin Gold, which has had a C$50m share
placement interrupted by news its empowerment partner needs bailing out.