CoAL to raise another $40m in debt
Coal of Africa is close to finalising a new $40m debt facility, but will need to raise more funds to pay for its short and medium term growth plans.
CoM makes strong case against carbon tax
The Chamber of Mines has fired the first salvo at its annual general meeting on the next debate that will dominate SA’s mining sector.
SA needs growth, not nationalisation says Godsell
SA needs to double the size of its economy within 20 years to deal with current social and economic inequalities, says Business Leadership SA chair Bobby Godsell.
De Beers says signs $2bn debt deal
De Beers has signed a $2bn debt deal to refinance existing debt and fund growth.
Harmony in no hurry on Evander unbundling
Harmony Gold says a decision on a proposed separate listing for Evander will be made within two years, as it considers different options to unlock the asset’s potential wealth.
Harmony mulls dividends linked to gold
Harmony would consider paying dividends linked to the gold price which continues to test fresh highs amid global economic recession concerns.
Firestone negotiating Eskom supply deal
Firestone Energy said it would renegotiate the terms of a memorandum of understanding with Eskom in which supply and delivery period was expected to change.
ANC wary of Chinese bid for Pamodzi
The ANC in parliament has told trade unions to be sceptical of the R150m offer by China African Precious Metals for the bankrupt Pamodzi Gold’s Orkney mine.
Anvil bid hits Gecamines snag
A $1.3bn bid by Minmetals Resources for Anvil Mining, the Congo copper producer, hit an unforseen bid when the Congolese government suggested a contract review might be necessary.
Zimplats Q1 output down
Zimplats says metal production has fallen 13% during the September-quarter, but the company is on track to submit a revised local ownership plan in November.