CoAL to raise $100m via placing
Coal of Africa says it plans to raise about $100m in a placing mainly to bring the Vele project into production and to complete the acquisition of Rio Tinto's Chapudi Coal project.
Pleming to help launch global fund
David Pleming, who carved a name for himself dominating the investment analyst rankings, is to help launch a US-domiciled hedge fund.
Amplats stops production to highlight safety
Amplats is to halt production at all of its operations to highlight the importance of safety and to remember colleagues who have lost their lives.
De Beers on the hop over SA ‘exit’
De Beers Consolidated Mines has told parliament it's not planning to leave South Africa, despite a sell-off of its assets.
Gecamines refuses to publish mining contracts
Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts.
Randgold Q3 profit jumps to $122.9m
Randgold Resources has posted a jump in third-quarter profit from the year earlier on an 80% surge in gold production and higher metal prices.
Curtain down on Xstrata coal strike
Xstrata will receive empowerment credits if it distributes its planned ESOP evenly across all work levels in terms of a strike settlement brokered by government.
CFM to upgrade Sena line by early 2013
Mozambique's ports and railways company CFM expects to complete a refurbishment of the Sena rail line linking the Beira port with coal mines in the Tete province by early 2013.
Anglo, MPs in face-off over BEE targets
Anglo American’s Godrey Gomwe has told parliament the group has already reached a black ownership target of 26%, and that figures suggesting otherwise were calculated incorrectly.
Botswana to dominate SA in diamond cutting
Botswana is going to far outclass SA when it comes to the local beneficiation of diamonds, following the new marketing deal it has negotiated with De Beers.