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Merafe to return to the black

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Merafe Resources said on Thursday it expected to report a return to black for the six months to the end of June.

Deposed Le Riche to fight board coup

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FORMER diamond group CEO, Hein le Riche, re-surfaces - spitting mad - ahead of extraordinary AGM to turf out board.

Highveld Q2 hot metal output jumps

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Highveld Steel and Vanadium, SA's second-largest steel producer, has reported a 19.1% increase in year-on-year production in the second quarter of 2010.

Absa raises R128m bond issue for Simmers

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Absa Capital has raised R128m in a high yield, unrated bond issuance for Simmer & Jack Mines.

Northam, Jubilee to explore furnace plan

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Northam Platinum and Jubilee Platinum have agreed to explore development of a 'ConRoast' facility in the first step to developing another source of furnace capacity in South Africa's platinum industry.

NUM overwhelmingly rejects Kumba’s wage offer

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The National Union of Mineworkers says thousands of its members had "overwhelmingly" rejected Kumba Iron Ore's wage offer.

Jubilee Platinum makes ConRoast breakthrough

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Northam Platinum is looking at a JV with Jubilee Platinum which would utilise Jubilee's revolutionary ConRoast smelting technology to treat platinum concentrates from Northam's Booysendal mine.

Bullish outlook for coking coal

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MF Global reckons the coking coal market has better fundamentals than the iron ore market and Mozambique stands to benefit significantly but only when the required infrastructure is provided.

Simmers cuts it fine on loan repayment

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Simmer and Jack still needs to sell another R70m worth of bonds to meet the R100m repayment due to Rand Merchant Bank at the end of the month.

IFM: no fall in ferrochrome Q4 contracts price

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An end to de-stocking coupled with rising demand will ensure ferrochrome contract prices do not fall below current levels for the fourth quarter, International Ferro Metals says.