Village offered R1bn for Tau Lekoa
UPDATED: Village Main Reef’s shares are on the rise following an announcement that the company has received a R1bn unsolicited offer for Tau Lekoa.
Platinum stockpile ‘halts’ price gains
A stockpile of 4.5m oz of platinum has accumulated in the global market in the past four years and will dampen any liveliness in the price of the metal, says GFMS.
Metmar questions legality of ‘chrome export ban’
Implementation of a proposed $100 per tonne levy on chrome exports will
effectively 'ban' the industry, and may not stand up constitutionally, says Metmar's
David Ellwood.
ResGen granted water licence
Resource Generation says it has been granted a water use licence for its proposed Boikarabelo coal mine in the Waterberg-area.
April sees lowest mine casualty figures “ever’
The month of April has seen the lowest number of mining fatalities ever,
according to Mines Minister Susan Shabangu, who says this vindicates her
department’s tough safety stance.
Mining Lekgotla planned for June
Roleplayers in the mining industry, labour and government have announced the staging of a Mining Lekgotla to put their heads together on the sector’s future challenges.
Lower grades, coup knock Randgold’s output
Randgold Resources didn’t escape the knock-on effects of the recent military
coup in Mali, with production down almost a fifth at the group’s key assets in
the West African country and costs rising significantly as a consequence.
Bristow keeps faith despite Randgold sell-off
Randgold Resources CEO Mark Bristow has dismissed the notion that the stock
is at the mercy of political events in the territories where the company
operates.
Investors to buoy platinum price in 2012
Investment demand for precious metals in general would help support the
platinum price, although the Eurocrisis remained a downside risk to the metal’s
important industrial demand.
Eskom buy-backs hit Merafe output
Merafe Resources says its production of ferrochrome was 21% lower during the first quarter of 2012 than
the comparative period, mainly due to power buy-back deals with Eskom.