Angloplat has ‘more balanced cap structure’
Resources giant Anglo American says Anglo Platinum, the world's largest platinum producer, has a more balanced capital structure following its R12.5bn rights issue.
Angloplat rights offer fully subscribed
Anglo Platinum, the world's largest platinum producer, says 99.5% of its rights offer shares had been subscribed for under its R12.5bn rights offer.
Jubilee Platinum H1 loss expected to narrow
Jubilee Platinum expects its loss per share and headline loss per share for the six
months to end December 2009 to be between 70% and 73% lower compared to the
previously reported corresponding period.
Metorex puts in an extra Ruashi hedge
With more than R586m flowing into the company, Metorex has put in an extra copper hedge at its Ruashi project to ensure it can repay a $100m loan if the metal's price falls.
African Eagle’s Ngasamo Hill on track
African Eagle Resources, the AltX-listed mineral resources company, has reported further positive drilling results from the Ngasamo Hill Deposit at its Dutwa Nickel project in Tanzania.
Zambia copper output falls in January
Zambian January copper production falls 13pct year-on-year on mine closures.
Key Chile copper mines restart after blackout
Electricity service returns to key copper mines in Chile, but shaky supply could continue to hit mining operations.
Rossing South updated resource due Q3 2010
Uranium mine development and exploration company Extract Resources says it expects to release an updated resource estimate on its Rossing South project in the third quarter of 2010.
Village progressing in acquisition of Lesego
Village Main Reef Gold Mining has concluded binding agreements with additional shareholders in Lesego Platinum that together own 76.6% of the project's inferred resource for a total purchase consideration of R506.8m.
Smokey Hills underground ops restarted
Platinum Australia, the Australian exploration firm developing platinum projects in South Africa, says that underground mining operations have recommenced at the Smokey Hills Mine.