AEMFC’s next project close to launch
State-owned miner AEMFC is now in the post-feasibility phase of its second
project, the T-Project outside Bethal, which will produce 4.6 million tonnes of
coal per year.
Gold One dismisses 1,035 workers
Gold One International says the company has dismissed 1,035 employees from
its Modder East mine following the workers’ participation in an illegal strike.
Exxaro finalises Ross Pinah sale
Exxaro Resources says it has finalised the sale of its 50.04% interest in Rosh Pinah Zinc to Glencore International.
Aquarius cutback “too small to notice’
The platinum price will only respond to supply cutbacks once the major PGM
producers embark on shaft closures, says analysts.
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.