Home News Page 1124

News

Fight for Wesizwe cash heats up

0
A state-appointed administrator has drafted a report which recommends that a lawsuit be instituted against the financial advisers of the Bakubung-ba-Ratheo community.

Sasol cans Chinese CTL venture

0
Sasol has brought the curtain down on a proposed $5bn coal-to-liquids joint venture project in China, citing delays in having the endeavour approved by the Chinese authorities.

Aurora firm provisionally liquidated

0
A transport logistics company says it has been granted a provisional liquidation order against the company through which Aurora has managed Pamodzi Gold's Orkney assets.

Explosion at French nuclear site kills one

0
A furnace has exploded at the Marcoule nuclear waste treatment site in southern France, killing one person.

Guinea doubles state mines ownership

0
It's now law for the Guinea state to take a 15 percent free-carry in mining projects and buy another 20 percent in yet another demonstration that Africa's governments want more of the resource pie.

Finger of blame falls on Pamodzi liquidator

0
Political connections saw some 600 liquidations over eights years handed to Enver Motala, the liquidator involved in the controversy ridden handling of Pamodzi Gold by Aurora Empowerment.

Zim miners forced to build own power

0
A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated R36m power line

Gold rebounds but heads for weekly loss

0
Gold was heading for a weekly loss as investors digested plans by US President Barack Obama to spur economic growth which could dent bullion's safe-haven appeal.

Hopes for Optimum bidding war scotched

0
Hopes of a bidding war for Optimum Coal were scotched after a potential alternative expression of interest in the coal producer was withdrawn.

Cortec parent says firm digging in Kenya

0
Parent company of Cortec Mining, Canada's Pacific Wildcat Resources, said its firm continued to prospect in Kenya despite earlier reports saying a High Court order had stopped it.