DiamondCorp to seek merger or sale to resolve liquidity crisis
DIAMONDCORP, the Johannesburg-listed diamond mining company, said it was considering a sale or merger in order to solve its funding difficulties.
This was in parallel...
Oakbay denies raiding Optimum fund on day when CEO resigns
OAKBAY Investments, the holding company of Johannesburg-listed Oakbay Resources & Energy, said it had moved the account of Optimum Coal Mine's R1.5bn rehabilitation fund...
RioZim finalises Dalny deal as chases 60,000 oz/year
ZIMBABWEAN gold and diamond miner, RioZim, has agreed terms for the acquisition of troubled Falcon Gold's Dalny mine which it believes will spearhead the...
Harmony bullish on cash flow after quarter output rises 10%
THE good news story at Harmony Gold looks set to continue until the year-end at least after the company said September quarter production was...
DiamondCorp pins hopes on shareholders as bankruptcy looms
SHARES in DiamondCorp, a junior diamond miner, took another hefty knock in Johannesburg trade after the company said it had lost an investor that...
Investors urged to sell platinum shares amid signs of correction
GOLDMAN Sachs has urged investors to sell their platinum shares which are starting to correct amid uninspiring fundamentals for the metal's demand.
"The stocks in...
DiamondCorp woes deepen as mine shut for safety audit
DIAMONDCORP's operational troubles deepened today after the company said its Lace underground diamond mine in South Africa's Free State province could be shut for...
SIOC awarded 100% of Sishen rights, conditions to cost R100m
A SEVEN year odyssey of litigation and acrimony regarding the mineral rights of the Sishen Iron Ore mine was brought to a close today...
Gold shares backed to climb higher as the world grows crazier
GOLD shares may have improved 70% this year, but there was further upside for companies mining the metal especially as the gold price was...
DiamondCorp fighting to stay afloat as Lace mine hits problems
COMPLICATIONS in ramping up production at the Lace diamond mine has forced DiamondCorp into urgent refinancing in order to remain a going concern.
It...