Petra lines up dividends in $98m BEE refinance
Petra boosts cash flow and lines up the start of dividends this financial year after two banks agreed to finance the firm's BEE partners to the tune of $98m.
Wescoal’s Ramaite in BEE restructure
Shares in Wescoal Holdings worth R28m have been unbundled to its chairman as the firm plans Eskom compliant black economic empowerment.
BHP sells Bayside casthouse to BEE firm
BHP Billiton is to sell its Bayside aluminium casthouse to an empowerment vehicle in which semi-fabricator Hulamin has a 40% stake.
Investors last in line as miners toil
A survey by PwC gives further proof that shareholders have been last in line when receiving benefits of mining investment for the last two years.
CRG attracts $148m rival bid from Chinese
In one of the most unusual bidding wars in Johannesburg's gold sector for years, two Hong Kong firms will bid up to $150m for troubled miner Central Rand Gold.
WCC planning $140m export coal mine
Waterberg Coal Company said it was preparing to unveil details of a $140m coal export mine from its property in the Limpopo province.
Gold Fields in R688m tax dispute with SARS
A creditable operating performance in the third quarter by Gold Fields was drowned out as another legal tussle is added to the group's corporate struggles.
Keaton to pay dividend, warns of project delay
Keaton Energy generated tons of coal and cash in the half year lowering net debt and giving itself room for dividends, but its Moabsvelden project could be delayed.
Bristow lends Rockwell $1.1m helping hand
Mark Bristow, CEO of Randgold Resources, will become a major shareholder in Rockwell Diamonds after accepting $1.1m in convertible debentures in the firm.
Lonmin may need “drastic action” to pay debt
The UK platinum producer had a slew of debt due in 2016 which would require production cuts to service unless the platinum price improved significantly.