CoAL sweating on Govt granting water licence
Coal of Africa is still waiting on the South African government to grant it water use licences for its contested Makhado and Vele coal ventures.
The Yin and Yang of third worst El Nino
Third worst ever El Nino weather system to hit South Africa's shores will affect the country's miners who shouldn't expect a water licence to guarantee of supply.
PIC chided for risky business in Lonmin offer
Neal Froneman, CEO of Sibanye Gold, asked why the PIC was investing pension funds in Lonmin which was "a risky" investment.
Sibanye has interest in Anglo coal assets
Sibanye Gold said the coal assets of Anglo American fit the bill in terms of extending its footprint in South Africa's energy industry.
Lonmin write down an omen of stricken sector
Lonmin's announcement that it would write-down up to R2.05bn in assets would be the first of many in the stricken platinum sector, analysts said.
SA jeopardises third China mining deal
South Africa's mineral resources shadow minister, James Lorimer, said the government was at risk of frustrating a third Chinese investment in mining.
Eastplats sale to Chinese stalls amid bust-up
Eastern Platinum conceded that its chances of selling its South African assets to a Chinese company hinged on the buyer resolving shareholder differences.
Lonmin plunges 40% as investors flee dilution
Investors appeared to reject Lonmin's proposed rights offer while one analyst said shareholders should vote the offer down and put pressure back on the banks.
IDC resolute on $5bn steel mill for South Africa
Geoffrey Qhena, CEO of the Industrial Development Corporation, said the bank would press ahead with a $5bn steel mill lest the country be caught napping.
Lonmin to issue shares at deep 94% discount
Shares in Lonmin would be sold for 21.4 cents - a 94% discount - in terms of its $400m rights offer that nonetheless paves the way for $370m in debt refinancing.