BSI Steel in R70M acquisition deal
Steel company BSI Steel has announced that it is acquiring 100% of the issued shares of
the privately-held entities, Staalbeer Limited and Universal Pulse Trading 103 for R70m in shares and cash.
Shareholders ditch Central African Gold
Central African Gold, the gold company with a portfolio of production and exploration assets in Africa, says that three major shareholders have sold their shares in the company.
Northam hikes Booysendal capex
Northam Platinum has increased its capital expenditure estimates for its flagship Booysendal project to R3.6bn.
CoAL to raise R619m for growth, debt payments
Coal of Africa Ltd will raise R619m in a rights issue to fund studies into its Makhado project, acquistions of contiguous properties as well as pay down debt.
We’re ready for strike – Eskom
Power utility Eskom says it is ready should its 16,000 workers decide to go on a strike over wages.
African Eagle doubles Dutwa nickel resource
African Eagle Resources Plc has more than doubled the size of the resource estimate at its Dutwa nickel project in Tanzania, the firm says.
Simmers appoints new CFO
Junior gold producer Simmer & Jack Mines has announced the appointment of Marius Saaiman as chief financial officer.
BHP Billiton in $3bn Liberian iron deal
Resources giant BHP Billiton has increased its drive for African iron ore, which will lessen its reliance on Australian mineral stores in the longer term.
Bakubung used funds for microlender
About half of the R700m raised as the Bakubung nation's Wesizwe Platinum shares was invested in microlender Mafori Capital, it has been confirmed.
Simmers decides on rights offer soon
Junior gold producer Simmer & Jack Mines says it will make a decision regarding its funding options within two weeks.