PTM waves the flag for Western Bushveld JV
Platinum Group Metals has confirmed it is proceeding with its plans to finance
and complete the Western Bushveld JV platinum mine, as well as expanding its
Waterberg discovery.
DMR commissions platinum task team
The Department of Mineral Resources will convene a task team to look into the
challenges facing beleaguered platinum miners.
BHP Billiton to remain Eskom’s darling
Eskom will continue to allow BHP Billiton to produce aluminium with subsidised
electricity, even if winter conditions make load shedding necessary.
NUM, Shabangu to talk over job losses
The National Union of Mineworkers is taking its concerns about potential job
losses in the platinum sector to a meeting with Mineral Resources Minister
Susan Shabangu.
New Tronox ready for NYSE listing
Exxaro Resources is nailing its colours to the mast to list one of its joint
ventures on the New York Stock Exchange.
Cool response to Exxaro option “frustrates’ CoAL
Coal of Africa CEO John Wallington is left disappointed as the market reacts
indifferently to news that the company and Exxaro Resources remain in talks
over Makhado.
Diamonds are still forever
Graff Diamonds’ decision earlier this month to halt its Hong Kong listing
provides some insight regarding business confidence in Asia currently. The
diamond market, however, is only taking a breather.
Aquarius “back in the black by 2014’
Aquarius Platinum, which shut down its Marikana shaft earlier this week, will
only return to profitability by 2014, according to an analyst report.
Sentula endures harrowing year, better times ahead
Robyn Berry, CEO of Sentula Mining, hopes to close the book on the tribulations
suffered by the coal miner and contracting business in the current financial
year.
Village Main mulls over R413m cash windfall
Village Main Reef is weighing up options on what to do with its R413m-odd
windfall from the sale of First Uranium’s assets. Talks over a R1bn offer
for Tau Lekoa have also gone nowhere.