Bristow lends Rockwell $1.1m helping hand
Mark Bristow, CEO of Randgold Resources, will become a major shareholder in Rockwell Diamonds after accepting $1.1m in convertible debentures in the firm.
Lonmin may need “drastic action” to pay debt
The UK platinum producer had a slew of debt due in 2016 which would require production cuts to service unless the platinum price improved significantly.
Council to lobby central banks to adopt platinum
The World Platinum Investment Council wants central banks to adopt platinum as a reserve asset and convert Chinese jewellery owners into platinum investors.
AngloGold demerger may be revisited
AngloGold may have set the ball rolling on cost-cutting in South Africa, but further out, mine closures and even more profound restructuring may be required.
Atlatsa gets R422m capital lift from Amplats
The volatile platinum market may see Atlatsa Resources require additional funds from its shareholder for certain capex and working capital at Bokoni Mine.
Vedanta to build R8.7bn Gamsberg zinc project
UK mining group Vedanta is to spend R8.7bn building a zinc mine and smelter in South Africa's Northern Cape province.
Vedanta has cracked Gamsberg: Kumar
Gamsberg is low-grade and contaminated, but Vedanta has 'cracked' the issue of manganese contamination, says Africa base metals CEO, Kishore Kumar.
Sibanye restructure held up by commission
Sibanye Gold will first have to prove to the Competition Commission that it is not in contravention of a two-year moratorium on job losses owing to the merger with Cooke assets.
Zim smelter hard to justify at PGM prices
Aquarius Platinum has not provisioned for investment in a PGM smelter in Zimbabwe which may put it on a collision course with the Southern African country.
VMR to have bidder short-list by end-November
Village Main Reef hopes to provide shareholders with greater clarity on whether it will sell the business or certain assets once it knows if suitors have the cash.