CoAL brings curtain down on legacies, sets about acquisition
This is an update of an article published on March 14 which erroneously stated Coal of Africa was short of funding to settle an...
Glencore sells Rosh Pinah, Perkoa to Trevali for $400m
GLENCORE is to sell two zinc mine in Africa for $400m to Trevali Mining Corporation, a Canadian listed company with ambitions to become a...
Panaf confirms 976 face chop at Evander as rand crushes margin
PAN African Resources (Panaf) confirmed up to 976 employees at its Evander Gold Mines would be retrenched after the firm served a Section 189...
Exxaro unlikely to exercise pre-emptive right over RBCT stake
EXXARO Resources was unlikely to exercise its pre-emptive rights in Richards Bay Coal Terminal (RBCT) as it had sufficient access to the export facility.
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Perseus clinches $40m in funds for Sissingué
PERSEUS Mining has clinched $40m in debt funding for the development of its Sissingué gold project in Côte d’Ivoire just under two years after...
MPRDA amendment calls for black-control of small-scale mining
SMALL scale miners must be black-controlled in order to apply for a mining permit according to a proposed amendment to the Minerals & Petroleum...
Froneman frustrated as Sibanye struggles for recognition
SIBANYE Gold CEO, Neal Froneman, could hardly conceal his frustration with the performance of the firm’s share price which at the time of the...
Exxaro’s Mgojo hopes to convince Anglo to allow SIOC ‘flip-up’
EXXARO Resources is to ask Anglo American whether it can exchange its shares in Sishen Iron Ore Company (SIOC) for a stake in Kumba...
Exxaro may distribute $850m stake in Tronox to shareholders
EXXARO Resources is to exit its 43.66% stake in Tronox, a titanium dioxide and alkali chemicals business, in order to focus on its core...
Platinum deficit to narrow in 2017 but WPIC bullish long-term
THE deficit in the platinum market is forecast to narrow in 2017 to some 120,000 ounces (2016: 270,000 oz), according to the World Platinum...