Tshipi manganese mine to get R84m injection
Jupiter Mines' Tshipi manganese mine is due to start first production in the
fourth quarter after raising R84m from shareholders; enough for working capital
purposes.
CoAL in debt and equity deal with Investec
Investec is to pump $58.7m into Coal of Africa through a combination of debt and equity funding, with an undertaking to acquire some more shares over the next year.
ArcelorMittal to appeal R241m Kalahari award
The European steelmaker has put the skids under the R10.7bn manganese
beneficiation project after it applied leave to appeal a South Gauteng Court decision
last month.
Kalahari to force ArcelorMittal to pay R241m
The legal dispute between Kalahari Resources and ArcelorMittal has ratcheted up
another notch, raising more questions as to whether SA will ever get a
ferromanganese smelter.
We’ll be alone at Mapungubwe, says CoAL
Coal of Africa CEO John Wallington says he doubts whether any other new mining
development will be permitted close to the Mapungubwe National Park, the location
of Vele colliery.
First sparks fly in silicosis battle
The legal action British firm Leigh Day & Co intends to bring against Anglo
American South Africa on behalf of silicosis sufferers is slowly moving towards its
first obstacle.
Industry seeks talks over Eskom tariff proposals
Large energy consumers will, in the coming months, be holding talks with
Eskom to negotiate smaller tariff hikes than the proposed 14.6% annual
increases over the next five years.
BHP Billiton enforces stringent clean-office policy
A memorandum on stringent clean-desk practices at BHP Billiton’s Perth offices
has the stamp of CEO Marius Kloppers all over it.
Gold mines face radical downsizing
The decline in SA’s share of world gold production is hardly a new phenomenon,
but the prospect of a structural shift in the industry’s composition has swung
into view for the first time.
Wescoal awarded mining right for Intibane
Coal junior Wescoal says it has been awarded a mining right for its Intibane colliery.