Anglo’s Kumba to miss 40mt export forecast
Although expected, the decline in export volumes will heap pressure on Kumba CEO, Norman Mbazima who knows Anglo hasn't the stomach for under-performance.
RoC assures Equatorial, Exxaro of ‘open access’
The Republic of Congo said infrastructure would remain state-owned and be open access which is good news for juniors such as Equatorial Resources.
Newplat success is double-edged sword for SA
Good opportunism by Absa Capital to have seen the gap for a platinum debenture, but it's popularity is also a way of going short on SA platinum output.
Forbes in R45m legal fight with Rio Tinto
Forbes Coal capped a miserable period over the last six months disclosing it had defaulted on a loan and was involved in a legal dispute with Rio Tinto.
DMR to lift game as auditor qualifies figures
The DMR acknowleged it could not cope with industry growth whilst also revealing its financial statements carried a qualified audit opinion on revenue collections.
Kumba may restate reserves as waits on DMR
Kumba Iron Ore says it expected to receive its mining right but perhaps not before the year-end which could involve a restatement of reserves at Sishen.
SA miners will ‘cough up’, say lawyers
Black lung disease, silicosis, manganism .... Nailing South African miners for various pathologies is starting to look like pretty neat business for lawyers.
Trans Hex sets Oct. 15 for “urgent” NM deal
Trans Hex has set down October 15 as the date for completion of the R166m acquisition of Namaqualand Mines (NM), a transaction it described as "urgent".
Amplats strike ends in ‘no retrenchment’ pact
Amplats agreed to voluntary separation packages for 3,300 employees due to be retrenched of which half will be retained for six months and may even be offered jobs.
DRDGold strike brought to early close
DRDGold, the gold retreatment company, brought a 600-strong strike to an early
conclusion agreeing to pay