Rand shields Merafe from ferrochrome woes
The weaker rand is giving Merafe Resources some respite from the distressed
ferrochrome market, analysts say, while the company has also secured debt to
finance the Lion expansion project.
Shabangu to open Mining Indaba
Oranisers of the annual Investing in African Mining Indaba says the Minister of Mineral Resources, Susan Shabangu, will officially open the event.
Gold One, Gold Fields explore surface JV
Following a year of frenetic corporate activity at Gold One International, CEO Neal
Froneman has revealed his next play: a possible surface-operations joint venture with
Gold Fields.
Implats to fire 5,000 in unlawful strike
Impala Platinum says a strike by drill operators at its Rustenburg operations is illegal and it is to start laying them off.
NUM slams Impala’s 18% retention increase
Impala Platinum has raised the prospect that production at its Rustenburg mine will be
negatively affected for up to two weeks as it begins to dismiss 5,000 rock drill
operators.
IFM recovery exceeds expectations
Ferrochrome producer International Ferro Metals has taken another step towards
restoring investors’ faith, meeting key cost and production milestones as it seeks to
regain former highs.
SA less attractive to mining investors: SAIRR
SA has become significantly less attractive as a mining investment destination since 2006, says the SA Institute of Race Relations.
Mandela is Aurora’s likely scapegoat
Zondwa Mandela is likely to be the fall guy for the Aurora debacle as the company
faces an inquiry to determine whether there are grounds for fraud and theft charges.
Mali seeks bigger share in mines, lower taxes
Mali is seeking to raise the state share in mining projects to 25% from 20% in a proposed revision to the West African gold producer's mining law, says an official.
Trans Hex ‘tying loose ends’ in Namaqua deal
Trans Hex says it is still finalising certain aspects of its proposed takeover of De Beers' Namaqualand Mines.