Harmony CEO sniffed out ‘hijacker’
Negotiations between Harmony Gold and junior mining firm Ngwenda Gold led to the discovery that Ngwenda had been hijacked, allegedly by a Canadian citizen.
India’s Sail eyes SA for 3mt steel plant
Steel Authority of India is planning to build four steel plants, one of which will be in South Africa, for $12bn, according to its chairperson.
Another mining company hijacked
A board of directors is seeking court redress after finding out its mining investment company had been hijacked.
IFM losses increase
IFM continues to battle with various technical issues which have kept it in the red despite rapidly improving market conditions for its main customers - the stainless steel producers.
Back to reality for Petra
After spending some time in the limelight following the acquisition of Finsch, it is back to basics for Petra Diamonds after it posted a lacklustre interim performance.
Anglo ‘paid too much’ for Minas Rio
Cost increases at Minas Rio may indicate that Anglo American CEO Cynthia Carroll has overpaid for the controversial iron ore project.
DMR audits Eskom’s bogus suppliers
The DMR is investigating a number of coal companies which had applied for mining rights under the pretext of supplying the resource to Eskom, but have been exporting it instead.
Avalloy seeks breakthrough year
Superalloy producer Avalloy says beneficiation and skills development are at the core of its growth strategy.
AEMFC under fire over special treatment
More industry players are raising concerns that state-owned miner AEMFC is receiving preferential treatment from the department of mineral resources.
Gold Fields targets foreign gold
Gold Fields has opted to focus its attention on new mine projects in Peru, Finland, Mali and Australia ahead of the proposed uranium recovery plant in South Africa.