Thursday, August 23, 2018

Great Basin Gold has bought out minority shareholders in Rusaf which owns gold bearing properties in Tanzania and sold its stake in Kryso Resources.

Shares in Witwatersrand Consolidated Gold Resources dropped 15% to R49 on the JSE, two days after the release of a trading cautionary announcement.

Gold One International has finally arranged the loan facility needed to cover its potential financial exposure to a $62.5m convertible bond issue which has been weighing down the share price.

As the search for mineral resources intensifies, another South African company has applied to dig in pristine wilderness; this time, in search of manganese ore.

Zimbabwe’s emerging platinum sector appears to be on the verge of a boom as Implats goes for the $500m second phase expansion at Ngezi and other potential mines wait in the wings.

Craig Oliver, well remembered in SA mining circles from his time as Nkwe Platinum CEO, has been killed in a plane crash in the Republic of Congo.

Anooraq Resources' Achilles heel is the company's very high level of debt which management must reduce as an urgent priority according to a research report released by JP Morgan Cazenove.

Iron ore miners Rio Tinto and BHP Billiton agree to pay higher royalty rates to the Western Australian state government in return for approval for their $116bn joint venture.

Gold eases but safe-haven bid to persist.

Serious consideration is being given to the possibility of unbundling Eskom's transmission network and making it part of the future independent systems operator.