Transnet weighs strategic coal as force majeure
Transnet is in talks with coal exporters over viewing developmental pricing as a force majeure event that would affect its take-or-pay agreements on the coal line.
PTM ditches debt for C$150m in notes
The Canadian firm will finance the balance of its Western Bushveld Joint Venture with a $150m note issuance - its second foray into equity markets in a year.
AngloGold may ‘call’ $1.25bn bond in 2016
The gold firm has targeted debt reduction of $1bn in three years and may buy back its 8.5% 2020 bond. Asset sales seems a nailed-on certainty, however.
Wescoal secures R200m for Elandspruit
Wescoal Holdings has raised R200m in debt with Investec the bulk of which will help double the coal firm's run-of-mine production to four million tonnes a year.
Illegal mining forces Harmony to halt mine
Harmony is to shut its Kusasalethu mine for two weeks while it attempts to flush out illegal miners believed to have caused three underground fires in a month.
Trans Hex books R94m profit turnaround
Trans Hex completely transformed its fortunes in the six months ended September followed an increase in South African production, and higher revenue.
Zambia by-election may disrupt copper miners
The death yesterday of Zambia president Michael Sata could result in disruption to copper cargo routes amid a national by-election, and even policy revisions.
Implats to unveil review in February
Impala Platinum would provide details of a strategic review of its operations in February and said full-year production targets were unaffected by stoppages.
Sibanye defends 1.6m oz 2014 output target
Sibanye Gold acknowledges 1.6 million ounces in output for 2014 is "a stretch target" but thinks it can be achieved as the Cooke operations build momentum.
SA Govt kicks on with Karoo shale gas permits
The South African government is to proceed with the processing of exploration permits for shale gas in the ecologically sensitive region of the Karoo.