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...
Kimberley museum ‘enraged’ as miner threatens stone age site
THE McGregor Museum in South Africa's Kimberley has interdicted diamond mining on Canteen Kopje - an internationally famous archaeological site near Barkly West –...
Anglo springs $1.8bn in bond buy-back to ease net debt
ANGLO American said it had bought back $1.8bn in bonds which would reduce net debt by $130m and save it $190m over three years...
Jubilee bags R230m in funding for PGM surface projects
JUBILEE Platinum has finalised its fund-raising of R230m through debt and share placements for two surface platinum-processing projects.
The first project, a chromite recovery section...
Wescoal commits to close BEE deal by December
COAL mining junior Wescoal has announced it will post a 50% increase in earnings for the financial year to end-December above the 15.7c a...
Centamin pays $33m dividend, targets 470,000 oz in 2016
EGYPTIAN gold miner Centamin reported a heavy fall in its 205 profit but paid just over $33m in dividends - $2.94 per share in...
Mining charter court bids may be consolidated, say attorneys
SOUTH Africa's mining industry believes taking disagreements about the interpretation of the mining charter to the court is the best means to solving an...
Anglo running the rule over remaining fleet of aircraft
COMPANY jets are something of anathema in today’s financially straitened times, especially in the global mining sector where thousands of jobs have been lost.
It’s...
CoM rails against ‘undue pressure’ as state capture uproar grows
SOUTH Africa's Chamber of Mines (CoM) joined business and civil organisations, as well as parliamentarians, in condemning allegations the Gupta brothers - Atul, Rajesh...