CoAL ends Mooiplaats strike, but market bites
Coal of Africa said a six-week strike at its Mooiplaats colliery in Mpumalanga
province was over, but the lower production and poor markets will make to a tough
first half of its financial year.
Transnet in R100bn public, private capital effort
Transnet, the state-owned transport and logistics utility, said its R300bn capital
expenditure programme could be extended by at least R100bn if it could persuade
the private sector to invest.
Congo plans 35% mines grab
The Democratic Republic of Congo is to consider proposals that would see a radical
change in its mining code as it seeks to lift the mining industry’s contribution to the
country’s economy to 25% by 2016.
West Rand Ergo one step closer
Posting an otherwise dire quarterly update on operations, Gold One
International says the scoping study of a proposed surface venture has shown
promising results.
BHP Billiton to raise coking coal output by 50%
BHP Billiton expects its coking coal production capacity to reach 66 million
tonnes a year in 2014, up 50% from 2012, reports news wire service Reuters.
Lonmin seeks $800m in rights issue
UPDATED: Lonmin has proposed a rights issue of $800m, likely to take
place
before the end of the year, as part of a strategy to refinance its balance
sheet.
Battle weary Lonmin slashes capex further
Lonmin has reined in capital expenditure for the next two years by another
23% as the company seeks to map its way forward following the events at
Marikana.
Shabangu wants a South African to lead Anglo
Mineral Resources Minister Susan Shabangu says she hopes a South African will be
appointed as successor to Cynthia Carroll at the reins of Anglo American.
SA shareholders paved way for Carroll’s exit
Anglo American’s biggest shareholders in South Africa have met with Cynthia
Carroll two weeks ago to explain their objections to her management decisions.
Genorah to keep Nkwe stake
Nkwe Platinum says the equity stake of its major shareholder, Genorah Resources, is
safe following the lapse of a security lending agreement.