Chrometco s/holders to vote on Rooderand sale
Chrometco, the exploration and development company, says it will ask its shareholders to
vote on the sale of its Rooderand to DCM Chrome for R62m.
Tawana completes A$660 000 placement
Australian and JSE listed diamond exploration company Tawana Resources has completed the placement of 66 million shares at 1 cent per share to raise A$660 000.
Xstrata-Merafe Chrome Venture mining unhindered
Merafe Resources says on that the Xstrata-Merafe Chrome Venture's mining operations will continue as planned while the company prepares to present its case to the Department of Mineral Resources.
Keaton to supply 16.5mt of coal to Eskom
Keaton Energy says its 74%-held subsidiary Keaton Mining has concluded negotiations with Eskom to supply 16.5 million tonnes of steam coal from Phase 2 of its new Vanggatfontein Project near Delmas.
Ferro Metals production takes a dip
International Ferro Metals, the London-listed ferrochrome producer with operations in South Africa, reports a 6% drop in quarter-on-quarter production.
Rough diamond prices could weaken
Rough diamond prices could pull back 5% to 10% in the short-term but the medium-to-long term outlook remains good because of the forecast shortage in supply.
Petra hails ‘step change’ in fortunes
Petra Diamonds declared that for the year ended June it enjoyed "a highly progressive year" helped by a moderate increase in production and much higher prices for gems.
DMR backs down on Aquarius
The Department of Mineral Resources has backed away from its draconian safety directive to Aquarius Platinum which will continue standard mechanised mining operations while striving for better safety.
Aquarius shares recover after DMR meeting
Shares in Aquarius Platinum, the world's fourth-largest platinum producer, have risen more than 15% following the company's reassurances that it had a say in how it improved safety at its mines.
Uranium output on the up
Namibia's total uranium output rose 4% in the second quarter of 2010 compared with the first three months of the year, data showed.