VMR investors back Dippenaar on Tau Lekoa
Shareholders in Village Main Reef (VMR) backed the firm's CEO, Ferdi Dippenaar, and said bids for Tau Lekoa must be through an accumulation of VMR shares.
DRDGold rolls up BEE structure in R200m deal
DRDGold is to issue about 45.5 million shares worth R200m at the current share price in an effort to shift its BEE partners from the asset to the corporate level.
Gem Diamonds raises prospect of dividend
Gem Diamonds is hoping its 2014 will consolidate its comeback after a nightmare 2012 characterised by write-downs and losses.
Miranda corrects statement of going concern
Miranda Minerals, a coal development firm, took the unusual step of correcting its statement of going concern saying director fees would be sacrificed.
Petmin to build thermal coal warchest
Petmin says it will be able to gather enough finance to a buy a two to three million tonne year operating thermal coal mine.
Building the platinum demand of tomorrow
It's early days, but Impala Platinum's Derek Engelbrecht sees no reason why South Africa shouldn't have its own platinum coin.
Wesizwe cuts Bakubung capex 11% to R10.7bn
An optimisation study allowed the group to cut production against a 2009 bankable feasibility study and lift production a fifth in reponse to market conditions.
MPRDA bill chops ‘developmental pricing’
South Africa's Chamber of Mines welcomed the MPRDA Amendment Bill and said it had negotiated developmental pricing for domestic supply out of the legislation.
Rising freight cost to price out chrome exports
Merafe Resources CEO, Zanele Matlala, said government intervention in chrome exports had fallen by the wayside but economics would rule out the activity.
Elections may frustrate Aquila May hearing
National elections in South Africa on May 7 may result in personnel changes that delays a hearing into why Aquila Resources has not received a mining permit.