Zim’s Chinamasa turns to platinum royalty
Days after shaking hands with Russia on a $3bn platinum investment, Zimbabwe finance minister, Patrick Chinamasa, looks at lowering the royalty on the metal.
Lonmin to hand Incwala R484m by 2015
As it increasingly common in South African mining, Lonmin pays its BEE partner to keep the banks from the door.
Zim may offer unused platinum rights to Russia
Zimbabwe mines minister Walter Chidakwa said unused mineral rights by existing investors in the country would be handed to its newly acquired allies.
IchorCoal targets 20mt mid-tier coal status
Frankfurt-listed IchorCoal wants to build production of 20 million tonnes a year in South African coal production, enough to give it mid-tier status.
WCC in funding squeeze as project faces delay
Waterberg Coal Company was also considering building a smaller export-dedicated mine at its Waterberg Coal Project amid delays in a Eskom sales agreement.
Pan-African lifts dividend, targets 250koz/year
Pan African Resources posted lower headline earnings but lifted the dividend in a signal it remained confident in its growth aspirations kept at 250,000 ounces/year.
AngloGold abandons $2.1bn right issue
The gold producer also said that it would not press ahead with plans to restructure into two separate companies.
NAMF II closed after failure to “gather traction”
One of the principals behind the New Africa Mining Fund, the Development Bank of Southern Africa, said the venture capital initiative had been shut down.
Zimbabwe cuts gold levy to assist revival
Zimbabwe fiinance minister, Patrick Chinamasa, acknowleged the crucial role mining could make in the southern Africa country's revival.
Sibanye confirms Cooke 4 may restructure
Sibanye Gold hoped to avoid large scale retrenchments at its Cooke 4 shaft as it had avoided significant losses when restructuring at Beatrix West in 2013.