Pallinghurst clears way for R3.24bn IDC stake
The consolidation of platinum properties into Sedibelo Platinum Mines clears the way for the IDC's R3.24bn investment, said Palllinghurst Resources.
Ncondezi Coal presses ahead with $627m mine
Ncondezi Coal said a study found a 18 milliion tonne/year thermal coal mine in Mozambique feasible as it anticipates the country's power boom.
Platinum IPOs suggest better days lie ahead
The listing of IvanPlats in Toronto and Sable Platinum in Johannesburg shows that enterpreneurs and investors in platinum are not in short supply.
Gem dispatches Ellendale mine
Gem Diamonds surprised the market by selling its Ellendale mine in Australia after earlier this year suspending the process as bids were too low.
Mining charter fails to meet BEE Act
The mining charter is the only empowerment code that does not conform to the trade and industry department's BEE legislation, the Black Management Forum said.
IDC denies it has plans to unseat Amsa
The Industrial Development Corporation defends its decision to buy Scaw Metals as a defensive strategy aimed at fuelling beneficiation and creating employment.
Lonmin faces credibility crisis at Marikana hearing
Joseph Mathunjwa, president of Amcu, said Lonmin broke a promise to speak to miners in the day before the massacre of 34 miners at the Marikana mine.
All eyes on AngloGold as next unbundling candidate
Shares in AngloGold Ashanti rose in Johannesburg after Gold Fields unveiled plans to unbundle its SA assets, a strategy analysts said AngloGold may visit.
Gold Fields plans 5-year South Deep return
Gold Fields CEO, Nick Holland, said that income of R6.5bn a year would help pay back the R35bn in total investment in South Deep within five years.
Davis earns £5.5m profit on Xstrata shares
Mick Davis, the outgoing Xstrata CEO, sold 661.590 shares in the company following the European Commission's approval of its merger with Glencore.