Home News Page 1172

News

Japan quake jeopardises ARMZ’s Mantra deal

0
Uranium One says the takeover of Mantra Resources by ARMZ is in the balance following recent events at the Fukushima power plant in Japan.

ANC mulls Aussie- style mines tax

0
Government may overhaul its minerals royalties regime to cash in on high commodity prices and may use Australia's controversial resources tax as a template, says a deputy minister.

CoAL still waiting for answer on Vele

0
There's still no answer from the department of environmental affairs on when Coal of Africa will be allowed to restart operations at the Vele coking coal mine.

More backers for Rio’s Riversdale bid

0
Global miner Rio Tinto has received acceptances for 30.6% of shares in its $3.9bn takeover target Riversdale.

Great Basin settles notes

0
Great Basin Gold has repaid its 2008 senior secured notes with the proceeds of a term loan facility from Credit Suisse.

The return of Siyabonga Gama

0
Siyabonga Gama has been re-appointed chief executive of Transnet Freight Rail - the organisation from which he was summarily dismissed in June last year.

Mothae to test diamond market

0
Lucara Diamond says its subsidiary Mothae Diamonds will be holding its first diamond sale later this month.

Sierre Leone seeks to revise mining deals

0
Sierra Leone needs to revise recent large-scale mining leases to get a better deal for its people, says President Ernest Bai Koroma.

Gem to spend $85m on Gope mine

0
Gem Diamonds has cut the first phase cost of the Gope mine to $85m by going for an underground operation via a decline shaft, instead of developing a traditional open pit mine.

BEE deal opens door for Galaxy Gold listing

0
Galaxy Gold has cleared a major obstacle which prevented it from listing on the JSE last year, announcing two empowerment transactions.