Takeover moves Gold One to ‘fast lane’
Gold One’s transformation to mid-tier status has gained momentum with a Chinese consortium’s offer for the company, with promises of more corporate action.
Another silicosis ruling hits miners
The Chamber of Mines have lost another silicosis-related case, forcing firms to assume responsibility for deficits in the compensation fund for employees with pulmonary disease.
New players to shake-up manganese sector
South Africa’s manganese sector is geared for large-scale expansion and will add around 15% to global capacity.
Gold, silver poised for further growth
Speculators have recently been responsible for great volatility in commodity prices, but there is still room for further gains.
Panel to grill Motala, others on Pamodzi
Liquidator Enver Motala and five of his colleagues have been hauled in front of the Master of the Pretoria High Court to explain their roles in the liquidation of two Pamodzi mines.
Namibia seeks bigger De Beers marine stake
Namibia's government will pay N$375m to increase its stake in De Beers' offshore operations, reports the Namibian Sun.
Anooraq Resources to restructure
Platinum junior Anooraq Resources is to restructure its operations with partner Anglo Platinum because of the rising financial pressure from its R2.5bn debt burden.
Glencore to close IPO book early
Glencore will close the books for its planned $11bn initial public offering on May 17, a day ahead of the original schedule, underscoring strong demand for the offer.
Impala posts output increase
Impala Platinum says the output of refined platinum has risen 9% in the nine months to the end of March.
Platmin’s output headaches carry on
Platmin says its target of achieving breakeven in 2011 at the Pilanesberg mine is not a sure thing, as the group’s struggles to attain adequate waste stripping volumes continue.