CGNPC closes in on Namibia’s Husab
ASX-listed Extract Resources, which owns the Husab uranium deposit in Namibia, has
received a formal bidder’s statement from China’s CGNPC-URC for a A$8.65/share deal.
Base Resources puts Kenya on mining map
Australian-listed Base Resources is developing a heavy mineral sands mine in Kenya
which will be of critical importance to the future of the country’s mining sector.
DRDGold to expand Ergo production
DRDGold is to spend R250m to increase gold production through improvements to its
Ergo treatment plant to raise gold recovery rates.
Implats to rehire all fired workers
Impala Platinum Holdings and the National Union of Mineworkers have reached an agreement regarding an illegal strike at Rustenburg mine, says the union.
DRDGold will look to sell Village stake
DRDGold will not indefinitely stay a minority shareholder in Village Main Reef once the
Blyvoor transaction has been completed, says its CEO Niel Pretorius.
Xstrata shuts furnaces to aid Eskom
Xstrata has switched off two chrome furnaces at its Rustenburg plant to help power utility Eskom save power, but says that supplies to customers will not be affected.
DRC to allow Anvil-Minmetals deal to proceed
Minmetals Resources says its acquisition of Anvil Mining will proceed now that the two firms have reached an agreement with minority stakeholders in the DRC.
Zim, Guptas part ways
Lazarus Zim has confirmed that he severed all business ties with the Gupta family last
year, ending a relationship plagued by controversy.
Amplats paints grim outlook for platinum mining
Amplats CEO Neville Nicolau has confirmed recent assessments by analysts that the
platinum sector is facing tough times due to low prices and falling production.
De Beers coy on 2012’s prospects
De Beers CEO Philippe Mellier is cautious over the diamond market’s near-term
prospects, saying the group will prioritise maintenance backlogs and waste stripping
this year.