Ominous for Aquarius as axe is sharpened
Troubles mount for Aquarius Platinum amid a cash negative performance from
its Kroondal mine; an operation it shares with Amplats.
Kumba positive on West Africa as market cools
Normality has returned to the West Africa iron ore exploration sector, said
Kumba Iron Ore, which is seeking "a second footprint' in the region.
SA’s latest platinum hopeful, Sable, lists on JSE
Sable Platinum said it intends to list on the JSE on September 17 in a reverse
takeover of cash shell, New Corpcapital.
Cash-strapped cutters embrace De Beers offer
A lack of bank liquidity and difficult trading conditions means sightholders are
likely to jump at the chance of deferring up to 50% of rough diamond sales,
says De Beers CEO Philippe Mellier.
Tshipi manganese mine to get R84m injection
Jupiter Mines' Tshipi manganese mine is due to start first production in the
fourth quarter after raising R84m from shareholders; enough for working capital
purposes.
Zim revenue slide blamed on Marange leakage
Zimbabwe finance minister Tendai Biti said the slide in the country's first half
revenue figures was owing to the country not getting its pound of flesh from the
controversial Marange diamond fields.
Nicolau goes as Anglo rings the changes
UPDATED: A difference in opinion over the extent of changes needed at Anglo
American Platinum is the likely reason for the departure of the group’s CEO,
Neville Nicolau.
ArcelorMittal to appeal R241m Kalahari award
The European steelmaker has put the skids under the R10.7bn manganese
beneficiation project after it applied leave to appeal a South Gauteng Court decision
last month.
Kalahari to force ArcelorMittal to pay R241m
The legal dispute between Kalahari Resources and ArcelorMittal has ratcheted up
another notch, raising more questions as to whether SA will ever get a
ferromanganese smelter.
CoAL in debt and equity deal with Investec
Investec is to pump $58.7m into Coal of Africa through a combination of debt and equity funding, with an undertaking to acquire some more shares over the next year.