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.
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.
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.
Platmin raises $250m of new equity
Platinum junior Platmin, which is developing mines in South Africa, has raised $250m in new equity.
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.
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.
Hong Kong firm takes 7.1% stake in Kalahari
Kalahari Minerals, says that APAC Resources, a major Hong Kong listed company focussed on natural resource investment opportunities and base metals trading, has agreed to acquire up to a 7.1% interest of its issued share capital.
ARM dumps Namibian gold project
Diversified SA miner African Rainbow Minerals plans to divest from a gold project in Namibia by June and finalise development of a copper project in Zambia this year, it says.
Petra divests of Kono in Sierra Leone
Diamond mining junior Petra Diamonds, has announced that it is divesting of the Kono Diamond Project in Sierra Leone.