Vedanta’s Agarwal stages surprise £2bn swoop on Anglo shares
ANIL Agarwal, chairman of Vedanta, is to buy a £2bn stake in Anglo American which will make him the second largest shareholder in the...
Proposed MPRDA amendment on small mining unconstitutional
ATTORNEYS say a proposal to amend a section of the Minerals & Petroleum Resources Development Act (MPRDA) so that small mining is restricted to...
GEM targets cash flow in 2017 after suspending dividend
GEM Diamonds is to prioritise cash flow generation in the current financial year after a torrid time in 2016 in which it mothballed its...
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...