Eastplats shutters project amid Pt margin pain
The tough conditions of the platinum market claimed its first big victim after
Eastern Platinum put its Mareesburg and Kennedy’s Vale Concentrator
project on ice.
Pan African bids R1.5bn for Evander
Pan African Resources has offered R1.5bn in a combination of debt, cash and
shares for Harmony Gold’s Evander Mines after a consortium in which it was
involved failed to meet conditions of an earlier offer.
Keaton to consolidate KZN anthracite
Keaton Energy, having established itself as a reliable producer of earnings, is
now turning its hand to scale which it hopes to achieve by consolidating
metallurgical coal prospects in KZN.
De Beers: “Anglo will take good care of us’
De Beers is prepared for its new chapter under Anglo American’s management
but will be treated "differently' than the diversified miner’s other divisions,
according to CEO Philippe Mellier.
Swanepoel granted R9m in Village share options
Bernard Swanepoel and fellow directors were granted share options totaling
R24.2m in value at a price of R1.53/share.
First Uranium warned against ‘horror’ of liquidation
A proxy advisory firm, Institutional Shareholder Services, has urged shareholders of
First Uranium that it should accept offers tabled for its assets because they do not
want to contemplate "the horrors" of liquidation.
AngloGold ups its stake in Brazilian mine
AngloGold Ashanti has bought the 50% it doesn’t already own in Brazil’s Serra
Grande mine from Kinross Gold for $220m.
Implats hatches plan to ease union hostilities
Impala Platinum wants Amcu and the NUM to arrive at a solution whereby the
two unions share recognition at the company’s Lease Area mine rather than
adopt a "winner takes all’ approach.
Implats battered by stoppages, promotes RDOs
The platinum producer also confirmed that rival union Amcu had requested
organisational rights amid verification the NUM had lost 10,813 members.
New twist in First Uranium asset sale
Minority shareholders vow to fight on as First Uranium’s board rejects an
alternative arrangement on the sale of Ezulwini and Mine Waste Solutions.