Pan African reluctant to buy deep level gold
Cobus Loots, CEO of Pan African Resources, said the company won't look at new investments in deep-level gold mining.
CoAL signs MoU to sell $114m stake in Makhado
Coal of Africa has signed a memorandum of understanding to sell a 34% stake in its Makhado project for $114m to China's Qingdao Hengshun Zhongsheng Group.
Petra wins plaudits but diamond prices worry
Analysts liked Petra Diamonds' deal to buy De Beers Kimberley Mines, but the short term price pressure in rough diamonds continued to be "a headwind".
Exxaro mine in peril after Eskom coal talks fail
Eskom will seek a new coal supply agreement for its Arnot power station after failing to reach terms with Exxaro - a development that could imperil Arnot mine.
Exxaro claims Eskom ordered Arnot closure
Exxaro Resources said it had been instructed by Eskom to shut the 1.4 million tonne/year Arnot coal mine and that the utility was the owner of the operation.
Sibanye undaunted by PGM price slide
Neal Froneman, CEO of Sibanye Gold, said his company remained committed to buying Aquarius Platinum and Amplats' Rustenburg operations.
Eskom’s Molefe heartened by yield turnaround
Eskom bond yields relative to Transnet have narrowed significantly this year which is evidence the power utility is stabilising its financial position.
Pan African slashes net debt R251m
Pan African Resources slashed net debt and would pay a R210m dividend by accessing its R800m revolving credit facility.
CoAL launches R1.29bn bid for Universal
Coal of Africa has bid cash and shares for the 4.5 million tonne/year coal producer, Universal Coal, trumping an earlier offer by IchorCoal.
Jury ousted as Resgen investors stage coup
Resource Generation shareholders Altius Investment Holdings and Noble Resources kick out CEO Paul Jury and overhaul the coal development firm's board.