Village to sell non-core First Uranium stake
Village Main Reef has confirmed its intention to discard the 26% stake in First Uranium it obtained through the acquisition of Simmer & Jack.
Wescoal clobbered by write-offs
Wescoal lost R43.7m in the year to March as it took a string of write-offs and impairment charges in its accounts.
Sentula, Shanduka merger goes sour
The R2.1bn deal to merge Sentula Mining and the coal assets of Cyril Ramaphosa's group Shanduka has apparently hit the skids.
Acid water to cost fiscus more than R1bn
Government will need over R1bn to deal with acid mine drainage on the Witwatersrand, while a business plan for its strategy will be ready in July.
Nogxina exits with parting shot
The mining industry has brought the nationalisation debate upon themselves, says outgoing director general of mineral resources Sandile Nogxina.
Shanduka profits R2bn on Assore
Cyril Ramaphosa's Shanduka group has cleaned up on the sale of its empowerment stake in iron ore producer Assore, pocketing more than R2bn.
Nzimande: Nationalisation won’t aid poor
Nationalisation won't help the poor, is not always progressive and was undertaken by Hitler, says SA Communist Party general secretary Blade Nzimande.
Egypt steel magnate faces fresh graft charges
Egyptian steel magnate Ahmed Ezz, a top ally of ousted President Hosni Mubarak who is being investigated for graft, faces fresh charges of profiteering and squandering public funds.
Transnet wary of public-private deals
Logistics firm Transnet says while it is open to working with private firms on its expansion plan, it would be cautious as many past deals were "disasters".
Joburg safe from acid mine water – study
A geo-technical risk assessment says there's no risk of acid mine water flooding the basements of high-rise buildings in the Joburg CBD.