Eskom chairman Ngubane cavils at Ramatlhodi’s “naked lies”
IN a commentary evocative of Donald Trump's complaint that he was the worst treated politician in history, Eskom chairman Ben Ngubane said the South...
Pallinghurst launches bold restructure with $150m Gemfields buyout
PALLINGHURST Resources is to buyout minority shareholders in UK-listed gemstones company, Gemfields, by offering $150m in its shares in a transaction that marks the...
Gold Fields establishes 10% foothold in Gold Road for $48m
GOLD Fields has increased its stake in Gold Road Resources to 10% after buying 74.8 million shares in the gold development firm for 86...
Eastplats may open tailings plant as fends off legal claims
EASTERN Platinum (Eastplats) is studying the viability of processing chrome and platinum-bearing tailings at its mothballed Crocodile River Mine (CRM) and has retained SRK...
Sibanye offers $1bn rights offer at hefty 60% discount
SIBANYE Gold unveiled the terms of its $1bn rights issue which will help finance the proposed $2.2bn takeover of Stillwater Mining, a US-based palladium...
Zimbabwe adopts Pallinghurst blueprint for $500m in platinum beneficiation
THE Zimbabwean cabinet has today agreed to a proposal by South Africa's Pallinghurst Resources and the Industrial Development Corporation (IDC) that will lead to...
PTM asks Amplats for indicative offer as considers Maseve sale
ONE of the strategic options considered by Toronto-listed miner, Platinum Group Metals (PTM), regarding its struggling Maseve platinum mine in South Africa's Bushveld Complex...
Tharisa flies on chrome boom, but it warns market is volatile
SHARES in Tharisa, a chrome and platinum producer, were over 6% higher on the Johannesburg Stock Exchange today after the company filed interim figures...
Reopening mothballed shafts may yield 250koz/year for Lonmin
LONMIN was studying the feasibility of reopening shafts that could yield between 200,000 to 250,000 ounces a year of platinum group metals (PGM), roughly...
Lonmin cash burn continues apace as H1 output slides
LONMIN continued to lose money in the six months ended March leaking 32.9 cents per share (2016: 37.3c/share), equal to $48m, following an operating...