New capex figure for Wesizwe’s Bakubung mine
Wesizwe Platinum has revised the capital budget estimate for the
development of the Bakubung platinum mine to R7.9bn; an increase of R1.4bn
on earlier estimates.
Great Basin in R80m BEE tiff with Gold Fields
A cancelled empowerment deal with Gold Fields is an unwanted spanner in the
works of Great Basin, which also faced scepticism regarding production targets
at its Burnstone mine.
Firestone turns down R1bn Tata Power bid
Firestone Energy says its Waterberg project is worth at least R600m more than
Tata Power’s valuation.
Tribunal allows intervention in Petmin case
Two players in the silica market have been granted leave to intervene in proceedings at the Competition Tribunal on Petmin's proposed sale of SamQuarz, reports Business Day.
Zimbabwe Govt approves Anglo Pt Unki plan
The Zimbabwean government has approved Anglo Platinum's proposal to
comply
with the country's indigenisation law.
Gold One secures financing for deals
Gold One International says it has secured the necessary finance to settle the Rand Uranium and Ezulwini acquisition deals.
Investec sees gold at $1,850
Gold may appreciate a further 10% in 2012 to an average price of around
$1,850 per ounce, as negative real interest rates continue to bolster the
appeal of the metal.
Amsa, Highveld face collusion charge
The Competition Commission has referred a collusion case against
ArcelorMittal SA and Highveld Steel and Vanadium to the Tribunal, asking for a
penalty of 10% of turnover.
CoAL completes NiMag management buyout
Coal of Africa says the conditions for the management buyout of subsidiaries Nimag and Metalloy Resources for R54m have been met.
Central Rand Gold seeks image makeover
Central Rand Gold is seeking to restore its credibility in the market as it
prepares shareholders for a future fundraising, saying it is working on the
details of a credible long-term strategy.