Cash-strapped cutters embrace De Beers offer
A lack of bank liquidity and difficult trading conditions means sightholders are
likely to jump at the chance of deferring up to 50% of rough diamond sales,
says De Beers CEO Philippe Mellier.
Tshipi manganese mine to get R84m injection
Jupiter Mines' Tshipi manganese mine is due to start first production in the
fourth quarter after raising R84m from shareholders; enough for working capital
purposes.
Nicolau goes as Anglo rings the changes
UPDATED: A difference in opinion over the extent of changes needed at Anglo
American Platinum is the likely reason for the departure of the group’s CEO,
Neville Nicolau.
Zim revenue slide blamed on Marange leakage
Zimbabwe finance minister Tendai Biti said the slide in the country's first half
revenue figures was owing to the country not getting its pound of flesh from the
controversial Marange diamond fields.
CoAL in debt and equity deal with Investec
Investec is to pump $58.7m into Coal of Africa through a combination of debt and equity funding, with an undertaking to acquire some more shares over the next year.
ArcelorMittal to appeal R241m Kalahari award
The European steelmaker has put the skids under the R10.7bn manganese
beneficiation project after it applied leave to appeal a South Gauteng Court decision
last month.
Kalahari to force ArcelorMittal to pay R241m
The legal dispute between Kalahari Resources and ArcelorMittal has ratcheted up
another notch, raising more questions as to whether SA will ever get a
ferromanganese smelter.
We’ll be alone at Mapungubwe, says CoAL
Coal of Africa CEO John Wallington says he doubts whether any other new mining
development will be permitted close to the Mapungubwe National Park, the location
of Vele colliery.
First sparks fly in silicosis battle
The legal action British firm Leigh Day & Co intends to bring against Anglo
American South Africa on behalf of silicosis sufferers is slowly moving towards its
first obstacle.
Gold mines face radical downsizing
The decline in SA’s share of world gold production is hardly a new phenomenon,
but the prospect of a structural shift in the industry’s composition has swung
into view for the first time.