Trans Hex in another Angolan deadlock
JSE-listed diamond producer Trans Hex’s latest standoff with an Angolan partner
centres on expansion funding for its remaining operating asset in that country.
Waterpan wants to go it alone for First Uranium
Waterpan Mining Consortium wants to make an offer for the whole of First
Uranium, saying it is in the final stages of raising funds.
Court deals fatal blow to expropriation claims
The state’s right to award mining licences was not expropriation, said the
Supreme Court of Appeal, upholding the legal basis on which the 2004 MPRDA
is written.
Wits Gold strategy remains “intact’
Junior miner Wits Gold says its strategy to become a profitable mid-tier gold
producer remains unchanged, despite the breakup of its proposed venture with
Pan African Resources.
Exxaro seeks fresh heat
It’s no surprise to see Exxaro Resources’ share price down 10% from highs
earlier this year, given that international coal prices have been heading
downwards.
DRDGold, Govt seek way through AMD impasse
Discussions have been opened between the Water Affairs Department and
DRDGold on a possible win-win solution to the acid mine drainage controversy.
Eastplats shutters project amid Pt margin pain
The tough conditions of the platinum market claimed its first big victim after
Eastern Platinum put its Mareesburg and Kennedy’s Vale Concentrator
project on ice.
Pan African bids R1.5bn for Evander
Pan African Resources has offered R1.5bn in a combination of debt, cash and
shares for Harmony Gold’s Evander Mines after a consortium in which it was
involved failed to meet conditions of an earlier offer.
Nkwe Platinum says Garatau ‘meets parameters’
Garatau, an eastern bushveld project owned by Nkwe Platinum had met
expectations, according to project owner Nkwe Platinum.
Pan African to play it cool on rights offer
Pan African Resources will not dilute existing shareholders by more than 10%
in pursuing a rights offer to help fund the R1.5bn acquisition of Evander from
Harmony Gold.