Anooraq Resources to restructure
Platinum junior Anooraq Resources is to restructure its operations with partner Anglo Platinum because of the rising financial pressure from its R2.5bn debt burden.
Impala posts output increase
Impala Platinum says the output of refined platinum has risen 9% in the nine months to the end of March.
Platmin’s output headaches carry on
Platmin says its target of achieving breakeven in 2011 at the Pilanesberg mine is not a sure thing, as the group’s struggles to attain adequate waste stripping volumes continue.
First Uranium reaches ‘key’ milestone
First Uranium Corporation says its Ezulwini mine shaft moiling and upgrade program has made significant progress and as a result, a key production restraint has been removed.
Glencore unfazed over commodities falls
Glencore International CEO Ivan Glasenberg says recent falls in commodity prices were due to "froth" in the market and that demand for the company's IPO remains strong.
Eastplats posts loss, mine damaged
Eastern Platinum has posted a quarterly loss on lower output and the company says its flagship Crocodile River Mine project is damaged following a wage dispute.
AngloGold approves new BEE structure
AngloGold Ashanti says shareholders have accepted the restructuring of its BEE share ownership transaction entered into in 2006.
Eastplats shares hit the skids
Eastern Platinum’s share price has been punished as investor disappointment over woeful results were exacerbated by an ongoing and allegedly violent labour dispute.
Uranium One needs to find A$1bn
Uranium One has up to two years to raise A$1bn to buy Mantra Resources from its Russian parent ARMZ, and will then invest more than $430m to build a new uranium mine in Tanzania.
Vavi hits out at Zuma’s nephew
Cosatu head Zwelinzima Vavi has severely criticised President Jacob Zuma's nephew Khulubuse Zuma, co-owner of Aurora Mines, for donating election money to the ANC instead of paying his workers.