First Uranium asset sales approved
First Uranium shareholders have approved the sale of the company’s key assets,
setting in motion a process that will see the failed gold miner wind down its
operations.
Wescoal confirms financial turnaround
Wescoal serves notice that last year's poor financial performance is a thing of the
past.
Minorities in U-turn on First Uranium deals
The sale of gold producer First Uranium’s key assets is close to a done deal after
a block of minority shareholders ran out of options in a battle to stop the
transactions.
Govt to test platinum lifeboat options
Amid another platinum mine closure, the South African government says it is
studying options for intervening in the sector in an effort to help save jobs.
Village looks for Lesego partner
Village Main Reef says it is looking for a partner to advance its sole platinum
asset as a pre-feasibility study shows a possible return rate of 18% for the
asset.
Gold One dismisses 1,035 workers
Gold One International says the company has dismissed 1,035 employees from
its Modder East mine following the workers’ participation in an illegal strike.
AEMFC’s next project close to launch
State-owned miner AEMFC is now in the post-feasibility phase of its second
project, the T-Project outside Bethal, which will produce 4.6 million tonnes of
coal per year.
Aquarius cutback “too small to notice’
The platinum price will only respond to supply cutbacks once the major PGM
producers embark on shaft closures, says analysts.
Exxaro finalises Ross Pinah sale
Exxaro Resources says it has finalised the sale of its 50.04% interest in Rosh Pinah Zinc to Glencore International.
Pallinghurst shows its hand on R800m rights offer
JSE-listed holdings group Pallinghurst Resources has launched its latest R800m
rights offer as the company prepares to extend its reach to copper and coal.