Coal prices to keep head above water
India and China demand for coal would help keep prices above $100/t which Anglo
Coal Thermal CEO, Norman Mbazima, said was "not great" but still profitable for the
company.
Randgold’s Malian assets operational
Randgold Resources CEO Mark Bristow says the company's operations in Mali are
operational, adding that conditions in the country are returning to normal.
Vitol speculated to take stake in CIC Energy
Dutch commodity trading group, Vitol, may take a 9.1% stake in Toronto-listed coal
exploration company, CIC Energy, according to a report by Reuters.
Zimplats sideshow
For all the international attention on negotiations between Zimbabwe and
Impala Platinum, one can’t escape the suspicion that it’s all a bit of a
sideshow for the Implats share price.
Glencore, Ramaphosa take control of Optimum
Glencore International says it and businessman Cyril Ramaphosa has gained a majority holding of Optimum Coal.
No quiet exit for First Uranium
The chances of First Uranium being afforded a dignified death seem slim as
disgruntled shareholders are organising a rebellion against the disposal of key
assets.
Ramaphosa appointed Optimum chair
Optimum Coal says it has appointed businessman Cyril Ramaphosa as chairperson and non-executive director of the company.
Rio Tinto reviews its diamond business
Rio Tinto says it has begun a strategic review of its diamonds business, a move which may include divesting from all its current interests.
Aurora “virtually a Ponzi scheme’
The liquidators of Aurora Empowerment Systems have revealed that the
company only has R2,000 left in 10 bank accounts, leaving workers with no
hope of ever being paid.
MDM to do Gold Fields, Gold One JV scoping study
MDM Engineering says it has been awarded the scoping study contract for Gold Fields and Gold One International's proposed surface operations joint venture.