Oakbay has no deal in place to sell Optimum export rights
OAKBAY Resources & Energy said there was currently no deal in place to sell the export rights of Optimum Coal, the South African coal...
ARM, Vale prepare to sell Lubambe “at the right price” –...
AFRICAN Rainbow Minerals (ARM) posted a 40% decline in headline earnings year-on-year largely owing to continued losses at its $400m Zambian copper mine Lubambe...
Gupta’s Oakbay Investments to develop coal export capacity
UNLISTED firm Oakbay Investments said developing its coal export capacity and advancing its 'uranium plan' were among its key strategic goals, whilst an open...
Sibanye prepared affidavit before Section 54 reduced at Kroondal
South Africa's Department of Mineral Resources (DMR) reduced a Section 54 work stoppage at Sibanye Gold's Kroondal Platinum Mine in August after the precious...
Gold shares in vogue as Sibanye, Gold Fields return to Top...
THE return to favour of South Africa’s gold sector among investors was effectively rubber-stamped today as both Sibanye Gold and Gold Fields took their...
Exxaro sheds Mafube pre-empt if Anglo packages coal mines
THERE is so much noise around the proposed sale of Anglo American’s South African thermal coal assets that it’s hard to know just how...
Master Drilling conserves cash ahead of ‘expansion drive’
MASTER Drilling passed its interim dividend as it sought to capitalise on investment opportunities in line with its strategy to keep geographically diversified.
Commenting in...
Gupta’s Oakbay sells Optimum Coal export rights for R3.6bn
GUPTA family-controlled Oakbay Investments has sold Optimum Colliery’s coal export allocation through the Richards Bay Coal Terminal (RBCT) to huge private international coal trading...
Petmin to set about funding $250m NAIC in third quarter
PETMIN said it would begin sourcing funding for its $250m pig iron project which is held in its 40%-owned North Atlantic Iron Corporation (NAIC)...
Rio Tinto finally sells Zululand Anthracite
Rio Tinto has finally managed to dispose of the Zululand Anthracite Colliery (ZAC) in Kwa-Zulu Natal which it acquired when the group paid $3.9...