Trans Hex banks on R73m/year cashflow
Trans Hex's three year pursuit of Namaqualand Mines may just have been worth waiting for on the evidence of its financial forecasts published today.
Mines safety bill lifts CEO, financial risk
Proposed amendments to the Mines Health & Safety Act are raising the hackles with the mines minister getting discretional powers that raise the risks for miners.
Holland declares he’s right man for Gold Fields
Nick Holland, CEO of Gold Fields, said he did not intend going anywhere and that the group would pay a dividend and that South Deep would deliver.
Gold Fields in flux despite return to profit
Gold Fields clawed itself to profit in the September quarter, but the group is selling assets, closing others, and awaits the outcome of the SEC investigation.
Northam will withstand prolonged NUM strike
Revenue losses from the strike at Northam's Zondereinde mine now were at R200m, but the firm was robust enough to withstand a prolonged strike.
Medupi weighs as Eskom triggers emergency
Eskom said industrial users would be asked to cut consumption 10%, a turn of events that throws into relief the delay in commissioning of its Medupi installation.
Did Kumba best AMSA, or vice-versa?
The agreement between Kumba Iron Ore and ArcelorMittal SA over iron ore pricing has been welcomed by shareholders, but which got the better deal?
Keaton to refinance as growth gains traction
Keaton Energy, a coal junior, is to refinance its balance sheet ahead of a period of capital investment in new production.
Glencore details $1bn SA coal investment
The Swiss headquartered firm spelled out plans to build 60 million tonnes a year of new coal production equal to investment of R1bn.
Ivanhoe scopes for $1.4bn Congo mine
Shares in Ivanhoe Mines slid following publication of a preliminary study of its Kamoa copper mine which set down plans for a two-stage project.