GEM pulls out of running for Ekati
GEM Diamonds said it would focus on doubling the capacity of its Letseng mine in
Lesotho rather than chasing the Ekati mine, the BHP Billiton mine currently under
the hammer.
Glencore snaps up Canada’s Viterra
Glencore, the world's largest commodities trader, is buying Canada's leading grain handler, Viterra, in a cash deal valuing it at C$6.1bn.
Anglo seeking Oz, Indonesia coal assets
Anglo American was on the search for new assets in Australia, Indonesia and
Mozambique as prices for potential targets had come down, said Norman Mbazima,
head of the group's thermal coal business.
Nogxina jets off to Mexico
Former Director-General at the Department of Mineral Resources, Sandile
Nogxina, is leaving South Africa this week to take up his new position as the
country’s ambassador in Mexico.
Shabangu argues back over safety closures
Mines Minister Susan Shabangu has defended her department’s tough action on
mine safety, saying the increase in Section 54 directives issued has had "the
desired results'.
Knives out for Zimbabwe’s indigenisation board
A Zimbabwean empowerment lobby group has demanded the ouster of executive board members of the National Indigenisation and Economic Empowerment Board.
First Uranium extends Ezulwini deal date
First Uranium says it has extended the deadline for entering into a deal with Gold One International on the sale of Ezulwini gold and uranium mine.
Zimbabwe orders miners to bank locally – paper
Zimbabwe has ordered foreign mining firms to deposit their export earnings with local banks, reports state media.
Rockwell, Zungu settle R60m debt dispute
Rockwell Diamonds will assume control of a mining asset owned by Sandile
Zungu’s African Vanguard Resources, bringing an end to the parties’ R60m
dispute over an unpaid BEE deal.
Great Basin sweetens $50m share placement
Great Basin Gold has refashioned an earlier share placement, offering shares
more cheaply and adding a half warrant per share as a sweetener to a
disaffected market.