Anglo to sell stake in Foxleigh metallurgical coal mine
ANGLO American's restructuring programme took another small step forward today after it announced it had agreed to sell its 70% interest in the Foxleigh...
Amara vows to ease UK shareholder trading fears
SOME of Amara Mining's UK shareholders may encounter problems holding shares in the firm once it merges with Perseus Mining, an Australia- and Toronto-listed...
Randgold Resources hangs hat on its edge in exploration
RANDGOLD Resources lifted the annual dividend 10% and said it would stand by its progressive dividend policy whilst stress in the gold industry would...
Master Drilling targeting high risk, high reward projects
DIVERSIFICATION and a policy of going for 'high risk, high reward'projects are the two key strategies underlying Master Drilling’s business approach according to CEO...
Atlatsa may cut staff 3,500, wins R334m lifeline from Amplats
ATLATSA Resources, a platinum development company, is to cut more than half of some 6,101 employees at its Bokoni Mines operation in the north-eastern...
Exxaro’s Mgojo starts tenure with strategy on his mind
THE surprise departure of Wim de Klerk, financial director of Exxaro Resources, comes at a difficult time for Mxolisi Mgojo who will only have...
WCC parts with interim CEO as hurly-burly continues
THE hurly-burly surrounding the fortunes of Waterberg Coal Company (WCC) are showing no signs of letting up after the company announced today its interim...
Ghana lowers tax as Gold Fields ponders Damang future
GHANA has agreed to lower the corporate tax and royalty rate for Gold Fields as the South African miner weighs a $100m expansion of...
Petmin to press ahead with share buy-back programme
BRADLEY Doig, commercial director of mid-tier coal producer and iron ore development firm, Petmin, says they’ll be no let up in the company’s share...
Rio’s ZAC output unaffected despite sabotage, violence
OPERATIONS were continuing at Zululand Anthracite Colliery (ZAC), a company in which Rio Tinto has 74% stake, following an outbreak of violence over the...