Coal of Africa raises $50m loan
Coal of Africa has secured a $50m loan from Deutsche Bank, which will allow the company to repay a $20m loan to JP Morgan and provide working capital for its operations.
Tough times for Anooraq Resources
A year after Anooraq Resources took over the Bokoni platinum mine from Anglo Platinum, its team is finding it much harder than expected to turn it around.
SA coal down in the dumps
The flurry of disinvestments by major mining groups from SA's coal sector is ominous for the industry.
Pan African starts construction at Phoenix
Construction work has started on the Phoenix Platinum tailings retreatment project near Brits, where production should start in October if all goes to plan.
Platmin makes light work of farm boundary
In a deal which may become a useful case study for the merits of consolidation, Platmin has acquired the property adjacent to its Tuschenkomst operating pit.
Russians launch manganese mine in SA
Industrial giant Renova, controlled by Russian tycoon Viktor Vekselberg, has said its SA joint venture has launched a manganese mine.
Anglo’s Carroll boosts her balance sheet
Anglo American CEO Cynthia Carroll took home less pay in 2010 than the year before, but her shares tally rose threefold, with more performance incentives in the pipeline.
Bauba Platinum back on track
Bauba Platinum shares have jumped significantly following the settlement of a dispute with the vendors of its platinum rights near Steelpoort.
Gem, Lucara in merger talks
Gem Diamonds says it is in talks with Canadian-listed Lucara Diamond Corporation over a possible merger.
Gold Fields makes offer to Cerro minorities
Gold Fields has offered to buy out the remaining shares of its Peruvian unit Cerro Corona.