Acacia talks up growth as opens new chapter
Brad Gordon, CEO of Acacia Mining, said the company was seeking M&A while assets were cheaper than ever before.
Absa seeks business rescue for ContiCoal
South African bank Absa has applied to put Continental Coal in business rescue proceedings despite the Australian firm hoping to sell its operating asset.
Miner return hopes thwarted by horrid market
Investors in mining will be disappointed by returns offered by the world's largest miners, say analysts who think more capital cuts have to take place.
Gold Fields says AngloGold mine is interesting
Gold Fields identified AngloGold Ashanti's Ghana mine Iduapriem as an example of an asset in which it might have an interest in acquiring.
Petra lines up dividends in $98m BEE refinance
Petra boosts cash flow and lines up the start of dividends this financial year after two banks agreed to finance the firm's BEE partners to the tune of $98m.
Equatorial seeks $181m as iron ore stalls
Equatorial Resources has cut capex on its RoC project a fifth with much resting on a mining convention ahead of the tough task of financing the venture.
BHP sells Bayside casthouse to BEE firm
BHP Billiton is to sell its Bayside aluminium casthouse to an empowerment vehicle in which semi-fabricator Hulamin has a 40% stake.
Wescoal’s Ramaite in BEE restructure
Shares in Wescoal Holdings worth R28m have been unbundled to its chairman as the firm plans Eskom compliant black economic empowerment.
Investors last in line as miners toil
A survey by PwC gives further proof that shareholders have been last in line when receiving benefits of mining investment for the last two years.
CRG attracts $148m rival bid from Chinese
In one of the most unusual bidding wars in Johannesburg's gold sector for years, two Hong Kong firms will bid up to $150m for troubled miner Central Rand Gold.