Equatorial to pare back $231m capital outlay
Leasing rolling stock and processing equipment would enable Equatorial Resources to cut its capital budget for its Mayoko-Moussandji iron ore project.
AMCU deal imminent, but job losses inevitable
Amplats CEO, Chris Griffith, said the 10-week strike almost certainly involved more job losses but added that he felt a wage deal was around the corner.
Northam closes in on R3.4bn BEE revamp
Northam Platinum is edging towards empowering 22% of the company after its previous BEE partners sold their shares to avoid breaking bank convenants.
Impending Pt recovery to spur Sedibelo listing
Brian Gilbertson, chairman of Pallinghurst Resources, said its Sedibelo Platinum Mines would list once a platinum supply deficit had kicked in.
Doornkop tragedy, safety fears hit Harmony
The March quarter will be a blow to the aspirations of Harmony Gold to thrive at a lower gold price with production hit by safety fears, flooding and stoppages.
Platinum firms warn strike making mines unviable
South Africa's platinum firms Implats, Lonmin and Amplats is making a portion of the country's platinum reserves unviable.
Tharisa seeks R1bn in April JSE listing
Tharisa is to join the main board of the JSE on April 8 where it will raise R1bn to repay debt, and develop its chrome and platinum Bushveld complex mine.
Maseve to provide Wesizwe Pt with warchest
Shares in the Maseve platinum project will provide Wesizwe Platinum with some of the funds to fully finance its R10.7bn Bakubung project.
Output at Grootegeluk cut to 70% during rains
Despite the production cut, however, Grootegeluk continued to supply Eskom's Matimba power station using stockpiles.
Exxaro’s Grootegeluk flooded – pics
A stark reminder of how excessive rainfall can seriously hamper the supply of coal to Eskom's power stations.