NAMF in crisis talks to save $120m fund
The New Africa Mining Fund is in talks that could result in a restructure of its second $120m venture capital fund.
Exxaro’s Grootegeluk flooded – pics
A stark reminder of how excessive rainfall can seriously hamper the supply of coal to Eskom's power stations.
VMR investors back Dippenaar on Tau Lekoa
Shareholders in Village Main Reef (VMR) backed the firm's CEO, Ferdi Dippenaar, and said bids for Tau Lekoa must be through an accumulation of VMR shares.
DRDGold rolls up BEE structure in R200m deal
DRDGold is to issue about 45.5 million shares worth R200m at the current share price in an effort to shift its BEE partners from the asset to the corporate level.
Gem Diamonds raises prospect of dividend
Gem Diamonds is hoping its 2014 will consolidate its comeback after a nightmare 2012 characterised by write-downs and losses.
Miranda corrects statement of going concern
Miranda Minerals, a coal development firm, took the unusual step of correcting its statement of going concern saying director fees would be sacrificed.
Petmin to build thermal coal warchest
Petmin says it will be able to gather enough finance to a buy a two to three million tonne year operating thermal coal mine.
Building the platinum demand of tomorrow
It's early days, but Impala Platinum's Derek Engelbrecht sees no reason why South Africa shouldn't have its own platinum coin.
MPRDA bill chops ‘developmental pricing’
South Africa's Chamber of Mines welcomed the MPRDA Amendment Bill and said it had negotiated developmental pricing for domestic supply out of the legislation.
Wesizwe cuts Bakubung capex 11% to R10.7bn
An optimisation study allowed the group to cut production against a 2009 bankable feasibility study and lift production a fifth in reponse to market conditions.