Sibanye to restart operations at Cooke on July 3
Sibanye Gold will restart operations at the group’s Cooke shafts on July 3 following the end of an unprotected strike which started on...
JP Morgan sounds the alarm on Tanzania’s proposed mining laws
The draft legislation published by the Tanzanian government recommending changes to the legal framework governing the country’s natural resources sector contains a number of...
Endeavour to acquire the Kalana gold project in Mali
Canadian gold miner Endeavour Mining is to take over TSX-listed explorer Avnel in an all-share transaction which values Avnel at US$122m in order...
Platinum Group Metals raises yet more funds as Maseve struggles
Toronto-listed Platinum Group Metals (PTM) is to raise a further US$20m through the issue of convertible notes making a total of $65m it has...
AngloGold to restructure Tau Tona, Kopanang affecting 8,500 jobs
ANGLOGOLD Ashanti is to start a Section 189 restructuring process at its Tau Tona and Kopanang mines potentially affecting 8,500 miners following prolonged unsustainable...
Wescoal already lining up the next target after Keaton Energy
The acquisition of Keaton Energy gives Wescoal a larger financial and operating base from which to pursue further acquisitions and Wescoal was already reviewing possible...
Petra to fall short on diamond production for the year to...
Petra Diamonds has chopped its forecast diamond production for the year to end-June by between 8% and 9% and also estimated that revenues will be...
Strong rand clobbers Anglo American Platinum’s earnings
Anglo American Platinum (AngloPlat) has cautioned shareholders that its earnings for the six months to end-June will be at least 20% lower than the...
Pallinghurst to delist Gemfields from UK as wins takeover battle
PALLINGHURST Resources has won the battle for Gemfields after a sufficient number of the coloured gemstones miner and marketing firm's shareholders supported Pallinghurst's all-scrip...
CoM interdicts “egregious” Mining Charter in scathing assessment
THE Chamber of Mines of South Africa said it had applied for an urgent interdict to stop the implementation of the Mining Charter which...