Lonmin wins support for $800m rights offer
Betraying no hint of the conflict between his board and shareholder Xstrata, Lonmin's chairman says he looks forward to a dialogue now that the capital raiser will progress.
Atlatsa weighs refinance and mine changes
Amid the 'forgotten strike' at its Bokoni mine, Atlatsa Resources says it is considering how its mine will look in the future as its corporate debt grows.
Renowned gold bull flies to defence of Wits Gold
Media-shy chairman of Wits Gold, Adam Fleming, says he will buy shares in the firm, the valuation of which was "anomalous".
Unki deal raises question over Zimplats future
Will the finalisation of Unki's indigenisation deal with the Zimbabwean government serve as the model for the larger Zimplats asset in which Impala Platinum is invested?
Strikes had hurt SA’s credibility: Gordhan
Strike action has cost an estimated R10bn in lost mine output and had led to two credit downgrades, said finance minister Pravin Gordhan in a speech last night.
ArcelorMittal to quit controversial Kalagadi stake
ArcelorMittal is to sell its 50% stake in Kalagadi Manganese for R3.9bn, a company that has been the subject of corporate governance abuse allegations.
Xstrata delivers ultimatum on executive ouster
Xstrata pledged its support for Lonmin's $800m rights issue, but then inferred Lonmin could face a management ouster if it didn't change its executive team.
Sentula tightens belt in contracting business
The deterioration in the South African mining business created hazards and opportunities for Sentula's contracting business while its exploration unit had been downscaled.
Leon rails against misunderstood mining charter
The mining charter wasn't only about transfer of mining company ownership, said Peter Leon of Webber Wentzel who added that the charter was also about improving procurement and living conditions.
Gold Fields returns Chucapaca to drawing board
Gold Fields' ambition to give geographic diversity to its gold production suffered a setback when its Peru mine, Chucapaca, was found to have failed investment tests.