Simmers drops proposed rights issue
The Simmers board has opted not to go for a planned rights issue and will instead raise funds required to pay back a R220m loan through a sale of notes as well as cash flow.
Xstrata resumes work on A$6bn mine
Xstrata, the biggest exporter of power-station coal, has resumed work on a A$6bn mine after Australia reduced a planned resource profits tax, says Bloomberg News.
Indian firms rescue SA coal juniors
Both Homeland Energy and South African Coal Mining Holdings are being rescued financially by their new, controlling Indian shareholders.
Rio Tinto completes Alcan Packaging divestment
Resources giant Rio Tinto has wrapped up the divestment of its Alcan Packaging business with the completion of sales of its two outstanding assets.
Shanduka workers down tools
Hundreds of workers at Shanduka Resources' coal mines have downed tools claiming the company had to centralise its bargaining in order to harmonise working conditions at all collieries.
Anglo sells Aussie coal assets for $500m
Resources giant Anglo American has agreed to sell its interests in five underdeveloped coal assets in Australia for about $500m.
Miners agree to cut ferrochrome price
Ferrochrome producers in South Africa, the world's largest producer, have agreed to a 4% fall in the third quarter contract settlement price, Merafe Resources says.
Shiva Uranium wastes no time cutting jobs
Shiva Uranium, who took over Uranium One's Dominium Reefs Mine, has wasted no time cutting jobs at the mine despite promising the Competition Commission that no job losses would result from the takeover.
AngloPlat still out in the cold
Anglo Platinum has still not converted any of its old order mining rights into new order mining rights more than two years after Anglo American CEO Cynthia Carroll reckoned the situation was sorted.
Eskom to hold briefing on wage negotiations
Power utility Eskom will hold a briefing on wage negotiations with the National Union of Mineworkers and the National Union of Metalworkers of SA as the unions confirmed strike notices.