Despite its best efforts, Lonmin remains a company in distress
LONMIN, the Johannesburg-listed platinum producer, ended its 2016 financial year in a far better position than it began with net cash increasing to $173m,...
Congo election postponement not a threat to Ivanhoe projects
A DELAY in elections in the Democratic Republic of Congo (DRC) did not pose a threat to agreements signed between it and Ivanhoe Mines,...
Keaton considering exports after banks express Eskom concern
KEATON Energy is considering exporting coal from Moabsvelden because it might not attract finance for the R300m project if it dealt with Eskom.
Keaton already...
Rockwell in liquidation bid as audit uncovers irregular deals
ROCKWELL Diamonds has suspended operations at its Wouterspan plant in South Africa's Northern Cape following a contract dispute with a mining contractor that has...
Diamond market fragile but dearth of new supply by 2018
ANOTHER 'sight', another respectable showing for De Beers which said earlier this month diamond sales for its ninth cycle had amounted to $470m compared...
Keaton Energy in takeover talks after expressions of interest
KEATON Energy said it had received "expressions of interest from various parties" regarding the takeover of the company - an announcement that added 7%...
Beleaguered Hwange abandons rights issue as debts pile up
HWANGE Colliery Company (HCC's) funding woes continued after it announced it had suspended long-standing discussions about issuing shares for cash.
It said in an announcement...
Defiant Baxter warns Govt miners will not take charter “lying down”
SOUTH Africa's mining industry faces additional levies and taxes of between an estimated R2bn to R3bn a year whilst R2bn already contributed by it...
Exxaro upbeat on 2017 as coal export price leaps 41% in...
EXXARO Resources delivered an upbeat message regarding its 2017 prospects on the back of a higher coal, mineral sands and iron ore prices, but...
Exxaro BEE to fall to 30% after unwind, and R3.04bn repurchase
EXXARO Resources has unveiled a new black economic empowerment (BEE) scheme in which its existing 50.19% BEE structure is to be unwound and replaced...