Pallinghurst to pursue “bargain’ rights offer
Pallinghurst Resources has approved a new rights offering for R800m, priced at
around a third of its net asset value, as the company looks to add coal and
copper properties to its asset base.
BHP’s head of iron ore steps down
BHP Billiton's head of iron ore, Ian Ashby, will step down from his position on July 1 after a career of 25 years at the company, says the diversified miner.
Mining policies inconsistent – Cutifani
South Africa's macroeconomic policies, particularly those considered for the mining industry, will erode competitiveness and stall investment, says AngloGold Ashanti CEO Mark Cutifani.
Zimbabwe will pay for indigenisation
Zimbabwe would pay market prices for coal prospects developed by foreign
miners, which the government is entitled to control in terms of its
indigenisation laws.
Pallinghurst shows its hand on Platmin
Brian Gilbertson has shown why he delisted Platmin late last year, announcing
a consolidation of the company with Pallinghurst and the Bakgatla community’s
other PGM interests in the region.
Finance a challenge for junior miners
Despite steady commodity prices, financing remains a challenge for junior miners, a financing panel told the Reuters Global Mining and Metals Summit.
Wesizwe awards shaft sinking contract
Wesizwe Platinum says it has awarded the Bakubung mine's shaft sinking contract to Aveng Grinaker-LTA Mining, following a tender process.
NewCo’s Platmin in healthy state
THE ramp-up problems that have beset Platmin are a thing of the past
according to Chairman Brian Gilbertson, who says the mine will achieve its
production target by year-end.
Keaton on the acquisition path
Keaton Energy says it is on the lookout for new assets, seeking acquisitions to
complement the company’s recent takeover of Leeuw Mining and Exploration.
Mali neighbours mull sanctions to oust junta
Sanctions or even direct force would be used to eject the military junta that last
week deposed Mali's government.