IchorCoal in R128m swoop for ContiCoal
Relief for Absa and EDF Trading as Germany's IchorCoal swoops on the Penumbra and Vlakvarkfontein coal mines of Continental Coal.
Mpinga falls on sword after Mwana board ouster
Kalaa Mpinga vacates leadership of the company he founded 12 years ago after shareholders owning 5% of firm successfully win support of Chinese investors.
Petmin unveils R350m Somkhele BEE deal
Petmin will sell a fifth of its cash cow, Somkhele anthracite mine in KwaZulu-Natal to the local community and employees for R350m.
South32 to impair Samancor JV with Anglo
The BHP Billiton spinoff suffered its first bad news since listing saying market forces would force it to write-down its loss-making Metalloys operation.
Venkat declares AngloGold debt drive complete
Srinivasan Venkatakrishnan, CEO of AngloGold, said $820m from the sale of its CC&V mine to Newmont had put the firm's balance sheet back on track.
SA gold sector calls for ‘strategic’ wage talks
The Chamber of Mines wanted strategic and measured approach by NUM, AMCU and other unions in gold sector wage negotiations due to kick off on June 22.
AngloGold to sell CC&V in $820m Newmont deal
Anglogold has agreed to sell Cripple Creek & Victor (CC&V) to Newmont Mining for $820m enabling it to begin cutting debt and interest costs.
National champion workable: Nomura
The creation of a national mining champion was workable, but the question was whether South Africa's empowerment ambitions should exist in one company.
Pan African to buy R200m Shanduka coal mine
The gold and platinum producer would spend R200m for a 400,000 tonnes/year export coal mine but did not anticipate diverging from its precious metals focus.
Anglogold, Gold Fields tie-up talk makes return
The popular gold merger dream-wish of Gold Fields and AngloGold Ashanti is back again, but this time it says more about South Africa than the gold sector.