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Platinum Australia faces tough situation

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Platinum Australia appears between a rock and a hard place given the labour unrest at Smokey Hills, which must perform at its best over the next two quarters to avoid a financial crunch.

Smokey Hills contractor killed by mob

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UPDATED: An employee of a mining contractor at Platinum Australia’s Smokey Hills has been killed in the wake of ongoing labour unrest at the mine.

Implats cuts back at Marula mine

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Impala Platinum is to retrench staff at Marula after putting proposed expansions on hold for at least two years because of persistent underperformance.

Govt clarifies BEE coal export quotas

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Three or four black-owned coal firms will get export entitlement through the Richards Bay Coal Terminal following the long-awaited reorganisation of the Quattro system, government says.

Aurora, Shandong cancel Pamodzi meeting

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Both Aurora Empowerment Systems and its potential Chinese investor have cancelled a meeting scheduled with Pamodzi Gold unions and liquidators, says an official.

Tanzanian explorer to list on JSE

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AIM-listed gold exploration group Kibo is to list on the JSE's AltX, but is not looking to raise any money at this stage for its five projects in Tanzania.

Aurora told to vacate Pamodzi mines

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Liquidators have given Aurora Empowerment Systems three days to leave the Pamodzi mines in Orkney and Springs.

Platinum Australia has to deliver

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Platinum Australia has produced a favourable prefeasibility study for its Rooderand project, but the junior has to prove its Smokey Hills mine is a success to be able to fund Rooderand.

Nuclear remains part of energy mix, says Peters

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Energy Minister Dipuo Peters has reiterated government's commitment to nuclear and renewable energy as part of the integrated resources plan.

Lights will stay on, for now, says Eskom

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Power utility Eskom has denied currency market speculation of power outages.