Pallinghurst shows its hand on R800m rights offer
JSE-listed holdings group Pallinghurst Resources has launched its latest R800m
rights offer as the company prepares to extend its reach to copper and coal.
Gold One in NUM talks following dismissals
Gold One International has begun talks with the National Union of Mineworkers
(NUM), following the dismissal of employees who participated in an illegal strike
at the group’s Modder East mine.
BEE group in new First Uranium bid
BEE holdings group Kumvest, headed by Mandla "Bear' Kumalo, has submitted a
proposal to keep embattled gold miner First Uranium running as a going concern.
Glasenberg defends steep executive pay
Glencore CEO Ivan Glasenberg has defended steep executive pay packages and
showed support for the CEO of Xstrata, reports Reuters.
Aussie miner floats rail JV with Exxaro
The relationship between Equatorial Resources and Exxaro Resources has
thawed with the two firms looking at sharing iron ore infrastructure costs in the
Republic of Congo.
Metmar unveils R475m cash and asset investor
Investors who helped put Optimum Coal on the map are to pump R475m into
metals and minerals trader, Metmar.
First Uranium gives distributions update
TSX and JSE-listed gold producer First Uranium says currency fluctuations may
work in shareholders’ favour when the leftover proceeds from the sale of its key
assets are distributed.
WUC to list as acid water issue burns DRDGold
In the battle of the acronyms, it’s TCTA that wins over WUC in the effort to head
off the threat of acid mine drainage in an affair that has more than dirty water
below the surface.
Miller bids Keaton adieu
Keaton Energy MD Paul Miller has called its quits at Keaton Energy after a five-
year
stint, but promises to stay in junior mining.
New First Uranium bid “has to top $450m’
A fresh bid for the control of First Uranium has to be backed by an unconditional
and fully financed offer of at least $450m, according to the company’s board of
directors.