‘Marginal’ Aquarius Pt waits for metal surge
Jean Nel, the no-nonsense CEO of Aquarius Platinum, described his business as "marginal" in current market conditions, a change in which was "not imminent".
Transnet’s Molefe delivers stinging RBCT attack
Transnet CEO, Brian Molefe, laid into shareholders of Richards Bay Coal Terminal whom he accused of selfishlessly pursuing their own interests with "a state asset".
Asanko Gold bags $150m loan, plots M&A
Former LionOre and Norilsk executive, Peter Breese, sets about consolidation of West Africa's gold sector with $150m loan for Ghana's Asaase project.
Firestone’s Brown targets $200m in finance
Stuart Brown, CEO of Firestone Diamonds, has been treading the streets of London in search of funds that will transform Liqhobong into a 1m carat a year mine.
DRDGold to reset growth sights in two years
DRDGold said it wanted to extract the value of its newly commissioned circuit and then would spend time thinking about how to grow the company more aggressively.
PIC snaps up share of $530m Resgen mine
Resource Generation raised $52m of which a portion was taken by South Africa's Public Investment Corporation which said it "liked coal" and that the mine would support Eskom.
Wesizwe says PTM project ‘below criteria’
Wesizwe Platinum gives a brief explanation for its decision not to fund its portion of PTM's Western Bushveld Joint Venture, adding its Bakubung project was "well funded".
PTM surges as talks open with new investors
Shares in Platinum Group Metals staged a comeback as the company said it had opened talks with replacement partners for its WBJV mine.
Africa Wide skittles $506m PTM project
PTM stands to lose $260m in project funding and may have to search for a new empowerment partner as Africa Wide delivers the WBJV a serious body-blow.
Anglo’s Kumba to miss 40mt export forecast
Although expected, the decline in export volumes will heap pressure on Kumba CEO, Norman Mbazima who knows Anglo hasn't the stomach for under-performance.