SA needs R1.2bn for mine water threat
South Africa will have to spend around R1.2bn to clean up acidic water threatening to spill out from abandoned gold mines under Johannesburg, according to a report.
First Uranium aims to raise $46m
First Uranium has priced its public equity offering a $1.00 per share in order to raise $46m.
Zim in R21bn steel deal with India
Lazarus Zim's Afripalm Resources has signed a memorandum of understanding with Steel Authority of India to build a steel mill in South Africa, according to Business Day.
ANCYL slates mines researcher
The ANC Youth League is opposed to the inclusion of an independent researcher in the ANC team probing the viability of mines nationalisation, says its spokesperson.
Gordhan sets aside R230m for acid mine water
The government has budgeted R225m over the next two years to design and build an acid mine water treatment facility in the Vaal water management area.
Bright future for SA mining, says Shabangu
Mining will be a thriving sector within the next decade, according to Mines Minister Susan Shabangu, speaking at the opening of Great Basin Gold's Burnstone mine.
Simmers needs more funds
Simmer and Jack Mines needs to raise around R155m and the company's cash-strapped situation means it cannot participate in the fund raise being carried out by associate First Uranium.
Govt accepts mine drainage advice
The government says it can prevent rising acid effluent in the Central Basin of the Witwatersrand from reaching environmentally critical levels next year.
Pan African plans more growth
Pan African CEO Jan Nelson is sizing up the next round of growth projects, now that the illegal mining problems at Barberton have been dealt with and Phoenix Platinum is under construction.
Tau Lekoa lifts Simmers output
Simmer & Jack has reported a 34% rise in gold production, accounting for recently acquired Tau Lekoa's full contribution.