Village Main’s Buffels may get the chop
The future of Village Main Reef’s Buffelsfontein mine is once again up in the air
following an announcement that the group has embarked on a review of the
viability of the mine.
RBPlat accelerates cost review, jobs at risk
The tough market conditions that have accounted for capital expenditure
cutbacks in the platinum industry claimed another scalp.
“We’re in a state of emergency’ – RBPlat
Royal Bafokeng Platinum CEO Steve Phiri says the company isn’t taking any
chances on security, following wage demands from rock drill operators at the
company’s BRPM mine.
Manica won’t pay for Pan African’s Evander deal
Pan African Resources says it will soon announce final details on the spin-off of
its Manica project in Mozambique, but the proceeds won’t go towards payment
for Evander.
AngloGold “steady as she goes’
IT'S a difficult time to be a gold company CEO; yet AngloGold Ashanti’s Mark
Cutifani cannot be accused of overpaying for assets or running behind time with
project delivery.
Anglo completes De Beers transaction
Anglo American says it has completed the acquisition of the Oppenheimer
family’s 40% stake in De Beers.
Ill Lonmin CEO admitted to hospital
Lonmin CEO Ian Farmer has been diagnosed with a serious illness and admitted
to hospital, the group says. Meanwhile, 30 people have died in a police crackdown.
Gold, SA mines a fillip to Harmony’s financials
Harmony Gold’s South African operations have delivered the goods for the
group, enabling the company to make mint of the higher gold price during the
past financial year.
Petmin ups stake in pig iron project for $4.5m
Petmin said it had increased its stake in a Canadian pig iron prospect with a
forecast first-phase capacity of 500,000 tonnes/year to 22.5% in a $4.5m deal.
Barrick considers sale of African offshoot
Barrick Gold, the Canadian gold miner, is considering selling its 74% stake in African Barrick Gold following that company's poor performance, according to a report in the Financial Times.