Great Basin taps market for Burnstone funds
Great Basin Gold has shored up its balance sheet again, raising R378m that is
to protect the company against possible shocks at its Burnstone mine.
Exxaro looks to mineral sands for 2012 boost
A major part of Exxaro Resources’ future is now captured in its mineral sands
output; a business it nearly closed just over a year ago.
Resource rent proposal deters foreign funds
A proposal to install a resource rent tax and make the state owned mining company
more prominent in industry affairs is driving foreign funds from South Africa's
shores.
Great Basin’s Burnstone cash flow positive in 2012
Great Basin Gold said its Burnstone mine would produce up to 100,000 oz of gold in
2012 and keep cash costs to $1,000/oz - enough to make it cash flow positive from
the third quarter of the year.
Rio’s Mozi mine to supply Tata Steel this year
Tata Steel's European unit would have about 10% of its coking coal requirements
supplied to it from Rio Tinto's new Mozambique coal mine, Benga.
Zambia coal-fired plant delayed to 2015
Zambia's first coal-fired power plant in years has been delayed owing to a failure to
win environmental permits on time.
State-owned miner to be hived off
The African Exploration & Mining Finance Corporation, the state-owned miner, is to
be split from the Central Energy Fund of which it is a subsidiary in preparation for a
more profound role in government's minerals strategy.
Firestone to review R300m Tata Power offer
Tata Power has proposed taking a 30% stake worth R300m in Firestone Energy
and Sekoko Resources' Waterberg Coal Project - a "highly conditional" offer
now under review.
Illegal miners killed in Grootvlei disaster
Up to 20 illegal miners may have been killed at gold-mining operations on the
East Rand, according to initial reports.
Zimbabwe declines to extend Impala deadline
A letter from Impala Platinum requesting an extension to its indigenisation plans has
been rejected by the Zimbabwean government.