Pan African and Wits Gold buy Evander
Pan African Resources has teamed up with Wits Gold to buy Evander from Harmony for
R1.7bn in a deal that will give exploration company Wits Gold its first operating asset.
Miranda shares rise after reinstatement
Shares in Miranda Mineral Holdings have soared during early trade, after the JSE lifted the suspension of the company's shares.
Investors cry foul over Lontoh Coal
ANC bigwigs Zola Skweyiya and Aaron Motsoaledi are among several people who
invested millions of rands in Lontoh Coal - some of whom now claim they've been
misled.
Coal India weighs up Limpopo deal
The board of Indian state-owned mining company Coal India will decide on Monday
whether to go ahead with a possible joint mining venture with Limpopo.
DiamondCorp revises cost of Lace mine
The Lace diamond mine being developed near Kroonstad in the Free State is going to
cost 11% more than planned, but forecast initial revenues should more than double.
Optimum Coal output ‘disappoints’
Optimum Coal Holdings has posted a 15% drop in interim coal output, compared with the previous corresponding period
SA may import more power from neighbours
Eskom is considering importing more electricity from its neighbours as power in South Africa is expected to remain tight for at least the next two years.
PGM prices to falter in 2012, recover in 2013
Concerns about global growth are likely to soften platinum and palladium demand this year, although production shortfalls in SA are likely to support prices.
Vedanta’s Konkola settles on 17% pay hike
Konkola Copper Mines, the Zambia miner owned by Vedanta Resources Plc, has awarded its workers a 17% pay increase, says a union official.
Anglo seeks Codelco talks as pressure piles up
Anglo American has urged Chile's Codelco to seek a negotiated deal to settle the
dispute over Anglo American Sur, labelling a criminal probe into the matter as
"completely inappropriate'.