Zim may offer unused platinum rights to Russia
Zimbabwe mines minister Walter Chidakwa said unused mineral rights by existing investors in the country would be handed to its newly acquired allies.
Pan-African lifts dividend, targets 250koz/year
Pan African Resources posted lower headline earnings but lifted the dividend in a signal it remained confident in its growth aspirations kept at 250,000 ounces/year.
IchorCoal targets 20mt mid-tier coal status
Frankfurt-listed IchorCoal wants to build production of 20 million tonnes a year in South African coal production, enough to give it mid-tier status.
WCC in funding squeeze as project faces delay
Waterberg Coal Company was also considering building a smaller export-dedicated mine at its Waterberg Coal Project amid delays in a Eskom sales agreement.
NAMF II closed after failure to “gather traction”
One of the principals behind the New Africa Mining Fund, the Development Bank of Southern Africa, said the venture capital initiative had been shut down.
AngloGold abandons $2.1bn right issue
The gold producer also said that it would not press ahead with plans to restructure into two separate companies.
Zimbabwe cuts gold levy to assist revival
Zimbabwe fiinance minister, Patrick Chinamasa, acknowleged the crucial role mining could make in the southern Africa country's revival.
Sibanye confirms Cooke 4 may restructure
Sibanye Gold hoped to avoid large scale retrenchments at its Cooke 4 shaft as it had avoided significant losses when restructuring at Beatrix West in 2013.
Petmin up as market shakes off write-downs
Petmin's Somkhele anthracite and thermal coal operation lifted volumes and helped stave off lower prices, but elsewhere write-downs continue to dog the firm.
Sibanye may cut 2,500 jobs at Cooke
Unconfirmed speculation is that Sibanye Gold will start restructuring efforts at its newly acquired Cooke operation situated west of Johannesburg.