Aquarius “back in the black by 2014’
Aquarius Platinum, which shut down its Marikana shaft earlier this week, will
only return to profitability by 2014, according to an analyst report.
Diamonds are still forever
Graff Diamonds’ decision earlier this month to halt its Hong Kong listing
provides some insight regarding business confidence in Asia currently. The
diamond market, however, is only taking a breather.
Gold One takes hard line on strikers
Gold One International says it will take up to four weeks before its Modder East
mine returns to full production, following the dismissal of 1,035 workers due to
an illegal strike last week.
Sentula endures harrowing year, better times ahead
Robyn Berry, CEO of Sentula Mining, hopes to close the book on the tribulations
suffered by the coal miner and contracting business in the current financial
year.
Eskom, Anglo to ink Kusile coal supply deal
The supply agreement paves the way for the building of the New Largo coal
mine by Anglo American, which could cost between R16bn to R20bn.
Village Main mulls over R413m cash windfall
Village Main Reef is weighing up options on what to do with its R413m-odd
windfall from the sale of First Uranium’s assets. Talks over a R1bn offer
for Tau Lekoa have also gone nowhere.
CoAL reports massive lift in coal resources
Coal of Africa has updated its resource statement from three properties in its
now consolidated Soutpansberg portfolio, a development it describes as a
milestone.
CoAL hints at extending Exxaro equity link
Coal of Africa said the sheer scale of its Soutpansberg coalfields would create
opportunities for equity investment with Exxaro, but added Exxaro had yet to
ink the initial Makhado investment.
Wescoal confirms financial turnaround
Wescoal serves notice that last year's poor financial performance is a thing of the
past.
First Uranium asset sales approved
First Uranium shareholders have approved the sale of the company’s key assets,
setting in motion a process that will see the failed gold miner wind down its
operations.