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SEC recommends no action against Gold Fields

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The US Securities Exchange Commission has recommended no action be taken against Gold Fields for a R2.1bn, South Deep BEE deal.

Legal hitch confounds DMR, CoM court bid

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A joint court application by the Chamber of Mines and the SA government seeking clarity on BEE deals has been ditched as it didn't meet legal muster.

Lonmin playing “game of chicken” with market

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Analysts think Lonmin has the least flexibility of its peers and will almost certainly end up a smaller company, especially whilst it holds back on refinancing.

Molefe on course to make Eskom move permanent

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Brian Molefe acknowledged the final decision regarding his full-time appointment at Eskom lay with the president, and public enterprises minister, Lynne Brown.

Tharisa hopes interim profit is shape of future

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Tharisa produced its first headline earnings despite lower prices and chrome output and said it was targeting debt which had topped $99m.

Amplats to post 20% interim earnings lift

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Anglo American Platinum would report interim share earnings of more than 20% on an improved operational performance.

Mwana board ends week of ruction in simpatico

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Mwana Africa's newly constituted board reflected a company at peace with itself following a week in which directors were ousted.

Zim chrome miners welcome export reform

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Chrome miners in Zimbabwe welcomed the lifting of an export ban but conditions in the sector were still very challenging.

Petmin unveils R350m Somkhele BEE deal

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Petmin will sell a fifth of its cash cow, Somkhele anthracite mine in KwaZulu-Natal to the local community and employees for R350m.

IchorCoal in R128m swoop for ContiCoal

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Relief for Absa and EDF Trading as Germany's IchorCoal swoops on the Penumbra and Vlakvarkfontein coal mines of Continental Coal.