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ResGen ups Ledjadja stake

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Energy group Resource Generation has increased its ownership of the Ledjadja project from 49% to 74%.

Acid drainage proposals out soon

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A task team of experts considering proposals to counter an imminent acid mine water crisis in the Witwatersrand will have a report ready by the end of the week.

NZ Oil and Gas shares fall 30%

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Shares in New Zealand Oil and Gas, part owner of Pike River Coal, plummeted 30% as the stock resumed trading four days after a mine explosion left 29 men missing.

Eastplats secures R2.1bn equity financing

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Eastern Platinum has filed a preliminary short form prospectus in connection with a public offering of common shares to raise approximately C$300m.

Gold steady on renewed Ireland worries

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Gold is being supported by safe-haven demand, spurred by renewed worries over Ireland's political stability.

Afri-Can secures Namibian property

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Canadian-listed marine diamond explorer Afri-Can has acquired an 800-square kilometre exploration block on Namibia's south coast, close to the mouth of the Orange River.

African Eagle, Jacana sign uranium deal

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African Eagle Resources has vended its non-core uranium division to Jacana Resources, a private Australian company, in return for shares and cash.

Anglo to sell Callide coal mine

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Anglo American plans to divest its Callide coal mine in Australia to better focus on high-margin export operations, says the group

DRC sacks state miner execs

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Democratic Republic of Congo has replaced the leadership of state mining company Gecamines due to management deficiencies and its failure to make the most of rising metals prices, officials say.

South Deep strike over

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The strike at Gold Fields’ South Deep mine has come to an end, with both employer and union claiming victory on disputed issues.