The Bafokeng’s royal platinum play
The Royal Bafokeng Nation is about to reach a hugely significant milestone with the listing on the JSE later this year of its own platinum company.
Lonmin swings to profit in first half
Lonmin has reported an about turn in half year profits by posting first half earnings per share of 15.5 US cents, compared to a first half loss per share of 67.9 US cents for the first half of the previous year.
Shanduka seizes control of Incwala
Shanduka Resources is to pay R2.8bn in cash and debt in return for a 50.03% stake in Incwala Resources, the struggling empowerment initiative first rolled out by Lonmin in 2004.
Samancor suspends ops after two die
Samancor Chrome, the world's second largest ferrochrome producer, has shut down mine
operations following a blast incident that claimed two lives.
Anglo sells zinc assets in $1.3bn deal
Anglo American took another step in a strategy to divest of non-core assets agreeing to sell its zinc mines in southern Africa and Europe for $1.3bn to India focused base metals group, Vedanta.
Platmin raises $250m of new equity
Platinum junior Platmin, which is developing mines in South Africa, has raised $250m in new equity.
Tsodilo gains a BRC DiamondCore executive
Michiel de Witt joins a junior Canadian diamond and base metals exploration firm, Tsodilo. His future with BRC DiamondCore, where he is president, is not entirely clear cut.
De Beers to cut Finch staff by 40 pct
De Beers is to retrench 350 of the 870 workers at its Finch diamond mine in South Africa.
Zimbabwe rejects Arcelor’s Zisco bid
Zimbabwe rejects a takeover bid by South Africa's ArcelorMittal for state steel maker ZISCO in a move that could slow a drive to attract foreign investment.