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De Beers says signs $2bn debt deal

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De Beers has signed a $2bn debt deal to refinance existing debt and fund growth.

Num, Exxaro agree on wage deal

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The National Union of Mineworkers says it has agreed a wage deal with Exxaro for workers that do not fall under wage deals struck earlier by the Chamber of Mines.

CoAL to raise another $40m in debt

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Coal of Africa is close to finalising a new $40m debt facility, but will need to raise more funds to pay for its short and medium term growth plans.

Harmony in no hurry on Evander unbundling

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Harmony Gold says a decision on a proposed separate listing for Evander will be made within two years, as it considers different options to unlock the asset’s potential wealth.

Harmony mulls dividends linked to gold

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Harmony would consider paying dividends linked to the gold price which continues to test fresh highs amid global economic recession concerns.

ANC wary of Chinese bid for Pamodzi

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The ANC in parliament has told trade unions to be sceptical of the R150m offer by China African Precious Metals for the bankrupt Pamodzi Gold’s Orkney mine.

“I am fit,” Zimbabwe’s Mugabe declares

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Zimbabwean president Robert Mugabe declared he was fit and well despite Wikileaks cables suggesting he had prostate cancer and that he would pass away in three to five years.

Anvil bid hits Gecamines snag

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A $1.3bn bid by Minmetals Resources for Anvil Mining, the Congo copper producer, hit an unforseen bid when the Congolese government suggested a contract review might be necessary.

Zimplats Q1 output down

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Zimplats says metal production has fallen 13% during the September-quarter, but the company is on track to submit a revised local ownership plan in November.

Firestone negotiating Eskom supply deal

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Firestone Energy said it would renegotiate the terms of a memorandum of understanding with Eskom in which supply and delivery period was expected to change.