Investors to buoy platinum price in 2012
Investment demand for precious metals in general would help support the
platinum price, although the Eurocrisis remained a downside risk to the metal’s
important industrial demand.
Mining Lekgotla planned for June
Roleplayers in the mining industry, labour and government have announced the staging of a Mining Lekgotla to put their heads together on the sector’s future challenges.
Eskom buy-backs hit Merafe output
Merafe Resources says its production of ferrochrome was 21% lower during the first quarter of 2012 than
the comparative period, mainly due to power buy-back deals with Eskom.
Mining directors boost their balance sheets
The spate of holidays in April has been a time for some company directors to
reflect on the new-found strength of their personal balance sheets.
Aquarius plummets after another poor show
Aquarius Platinum had to contend with another quarter of wafer-thin or
negative margins at its major operations, again causing a slide in the
company’s share price.
Firestone to lift veil on restructuring
Firestone Energy has requested a suspension in the trading of its ASX and JSE-listed
shares, expecting to announce a major restructuring by Wednesday.
Continental Coal to extend Ferreira’s lifespan
Continental Coal has entered into agreements to extend the operating mine life at the Ferreira coal mine through the acquisition of an adjacent prospecting right.
More creditors knock on LontohCoal’s door
LontohCoal is in the news again, this time because it reneged on an
agreement with Kwasa Mining Services to pay R1.5m for a coal consignment.
Cooke, Randfontein lift Gold One output
Gold One International has posted an 85% quarterly increase in gold production, following the incorporation of the Cooke underground and Randfontein surface operations in its results.
CoAL reports Chapudi, Makhado progress
The deadline to complete Coal of Africa’s $75m acquisition of Rio Tinto’s
Chapudi coal assets has been extended to end-May, allowing for Section 11
approval from the DMR.