Relieved Magara commits to stem Lonmin outflow
Ben Magara, CEO of Lonmin, said the company had done the right thing and would be cash flow neutral in three years at current spot prices.
Gold Fields in Damang recap poser
Gold Fields produced a solid quarter as its Australian assets showed up, but the re-engineering of South Deep and the future of Damang weigh.
South32 shutters SA manganese pending review
South32 said it would keep its manganese mines in South Africa's Northern Cape closed following a fatality this month until it had completed a strategic review.
ETF liquidations soar since Lonmin rights offer
Up to 14% and 18% of total platinum and palladium-backed exchange traded funds were liquidated since Lonmin unveiled a $408m rights offer on November 9.
Eskom may divert Medupi coal to Hendrina
Brian Molefe, CEO of Eskom, floated the idea of accepting coal from Exxaro's Grootegeluk mine destined for Medupi and diverting it to Hendrina power station.
Eskom’s Majuba silo collapse a ‘design fault’
The collapse of a coal silo at Majuba power station was judged to be a design fault with no negligence imputed to the either the engineers or constructors.
PIC underwrites 25% of Lonmin rights offer
State-owned pension fund, the Public Investment Corporation, is to under-write a further 25% of Lonmin should the rights offer receive the green light this week.
The Yin and Yang of third worst El Nino
Third worst ever El Nino weather system to hit South Africa's shores will affect the country's miners who shouldn't expect a water licence to guarantee of supply.
“We could have done it better”: Lonmin’s Magara
Costly decisions on mechanisation, new projects and failing to cut production quickly enough were mistakes his and other platinum companies had committed.
CoAL sweating on Govt granting water licence
Coal of Africa is still waiting on the South African government to grant it water use licences for its contested Makhado and Vele coal ventures.