Northam losses top R360m, sets talks date
Northam Platinum will meet with the National Union of Mineworkers on December 5 in new talks to be convened by the CCMA.
Exxaro Mayoko deal “at mercy of politicians”
Exxaro Resources must wait for the Republic of Congo's parliament before it can clinch an important mining convention for its Mayoko-Lekoumou iron ore prospect.
Firestone CEO ousted, WCC tightens grip
David Knox, CEO of Firestone Energy, was not re-elected to the company's board as 45% shareholder Waterberg Coal Company tightened its grip.
Cash-strapped Sable Pt rings in the changes
Sable Platinum has enough cash until January although a recovery from SARS and a share issue could keep the company alive while it beds down Selebi Phikwe.
Lonmin through worst, but capital calls loom
Ben Magara, CEO of Lonmin, has steered the company well in these early stages, but important decisions loom on capital projects while strikes remain a risk.
Keaton rejigs R182m Xceed bid debt
Keaton Energy is to sell less coal to Gunvor following a loan from Investec that gives it more financial flexibility.
PTM, Africa Wide in BEE dilution dispute
Platinum Group Metals said it was in arbitration over the extent of dilution of its BEE partner, Africa Wide, and that it was still to secure $195m in loan finance.
NUM to give talks a chance at BHP mines
The National Union of Mineworkers said that it would give negotiations a chance in solving a dispute at BHP Billiton's coal mines on disciplinary procedures.
NUM scorns Northam’s ‘expensive public posture’
Tensions between the NUM and Northam have worsened after the union gave scant regard to an open letter spelling out the effects of a strike at Zondereinde.
SA springs surprise reverse on Aquila claim
South Africa's mineral resources department has surprised Australian firm Aquila Resources by offering to listen to its mining right claim rather than go to court.