Lonmin nudges BEE to 21.3% in Bapo deal
With six months before expiry of a 10-year BEE deadline, Lonmin unveils a royalties-for-equity deal with a local community upping its BEE equity participation to 21.3%.
Rio Tinto ends Mozi excursion in $50m sale
Rio Tinto brings the curtain down on its disastrous excursion into Mozambique's coking coal district selling its subsidiary company for $3.85bn less than it paid.
Exxaro books R400m increase in write-down
Exxaro Resources has been plunged into its worst ever financial performance owing to a R5.8bn write-down of its Mayoko iron ore project, R400m worse than first forecast.
Northam may lose 6% of annual output
An accident that will result in the six week closure of a shaft at Northam Platinum's Zondereinde mine may see output reduced 6%, an analyst said.
Exxaro returns to roots with R4.9bn TCSA swoop
Exxaro Resources said it would buy Total Coal South Africa for R4.97bn taking investment in coal in the last two months to R8.7bn.
Bindura smelter fit for PGMs, says Mwana
Mwana Africa said the $26m reopening of the company's Bindura base metals smelter in Zimbabwe could be used to treat platinum group metal concentrate.
Miners throw Rand Refinery R1.2bn lifeline
AngloGold Ashanti leads South Africa's gold miners in supplying a convertible loan after Rand Refinery loses track of some 84,000 ounces of gold.
Anglo to seek ‘opportunistic’ asset sales
Anglo American CEO, Mark Cutifani, said that the group's year-long asset review was complete, that it would make more sales, and that it wasn't exiting Samancor.
Mines law recall ‘stopped SA going backward’
Mark Cutifani, CEO of Anglo American, expressed his relief that the MPRD Amendment bill had been recalled as it was sending the country backwards.
Aquarius ups Kroondal output for sixth quarter
Aquarius Platinum provided further proof of why Anglo American Platinum chose to retain its joint venture with the company.