Absa to take stake in Kibo’s 300MW coal to power project
SOUTH African bank Absa is to take an equity stake in an Tanzanian coal-to-power development project which is being built by Kibo Mining, a...
Too early to call recovery, says Pallinghurst after $33m loss
Pallinghurst Resources, an investment group with interests in platinum, manganese, iron ore and coloured gemstones, said it was "too early" to call the turnaround...
Panaf registers record R300m payout, weighs new gold mine
PAN African Gold (Panaf) is to pay its largest final dividend yet of R300m, a 42% increase on last year's payout following a strong...
NUM joins AMCU in declaring platinum wage talks dispute
WAGE talks in the platinum sector look set to drag on into a third month after the National Union of Mineworkers (NUM) today announced...
Nkosi asks whether SA miners “acted honestly” in BEE deals
FORMER CEO of Exxaro Resources, Sipho Nkosi, has questioned whether the South African mining industry has "acted honestly" in its efforts to implement black...
Sibanye’s Froneman calls for SA president Jacob Zuma to quit
SIBANYE Gold CEO, Neal Froneman, believed it was time for South African president Jacob Zuma to relinquish power as governance issues were deterring investment.
In...
PTM lowers production guidance for Maseve, restructures debt
PLATINUM Group Metals (PTM), the Toronto-listed platinum group metal (PGM) production and development firm, has restructured terms of debt it raised for working capital...
Petra to be cash flow positive as nears end of expansion...
PETRA Diamonds would be cash flow positive in the second half of its current financial year and would also consider resuming dividend payments, said...
Harmony to spend $180m doubling Hidden Valley after $1 deal
HARMONY Gold is to buy out joint venture partner Newcrest Mining's 50% stake in Hidden Valley and invest $180m in the Papua New Guinea...
Eskom recovers Tegeta coal prepayment after 1.25mt delivered
ESKOM said it had recovered the cost of pre-paying Tegeta Energy & Exploration (Tegeta) for the delivery of 1.25 million tonnes of coal to...