Wescoal domestic coal plan yields dividend
Wescoal Holdings signalled its confidence in its domestic coal supply strategy paying a maiden dividend and saying it was seeking more acquisitions.
Rand lends limited cover to coal stocks
The rand hasn't provided much of an uplift to coal stocks but there are South African companies that are lifting themselves up by their own shoe-strings.
Brown may nail colours to R4bn CoAL plan
Coal of Africa this week published plans for a R4bn coking coal project, a development that entice a long-term commitment from interim CEO, David Brown.
Venkat bullish on deal with labour, Govt
AngloGold Ashanti CEO, Srinivasan Venkatakrishnan, expressed optimism that South Africa would solve the labour protest and violence at its mines.
Perpetrators will go to jail: Amplats’ Griffith
Chris Griffith, CEO of Anglo American Platinum, said the government had finally taken the right steps that would stem mine violence and send perpetrators to jail.
ARM, Assore to build smelter in Malaysia
African Rainbow Minerals and Assore are to build a $300m ferromanganese smelter in Malaysia owing to the access to cheap power, the companies said.
Rio, Guinea agree to expedite Simandou
A high level meeting in London between Rio Tinto, the Guinea government and the IFC has given fresh momentum to plans to build the Simandou iron ore project.
Study shows the pitfalls of miner optimism
A recent study by consultancy PwC confirms we are dealing with a market that shows the benefits, hallmarks, and excesses of miner's optimism.
Harmony Gold to write down Hidden Valley
The decline in the gold price and the poor performance of Hidden Valley meant Harmony Gold would have to write down a portion of the asset, it said.
SA, Russia at cross purposes on PGM cartel
Are South Africa and Russian singing from the same hymn sheet in respect of establishing an Opec-style platinum organisation?