More creditors knock on LontohCoal’s door
LontohCoal is in the news again, this time because it reneged on an
agreement with Kwasa Mining Services to pay R1.5m for a coal consignment.
CoAL reports Chapudi, Makhado progress
The deadline to complete Coal of Africa’s $75m acquisition of Rio Tinto’s
Chapudi coal assets has been extended to end-May, allowing for Section 11
approval from the DMR.
Aquarius plummets after another poor show
Aquarius Platinum had to contend with another quarter of wafer-thin or
negative margins at its major operations, again causing a slide in the
company’s share price.
Cooke, Randfontein lift Gold One output
Gold One International has posted an 85% quarterly increase in gold production, following the incorporation of the Cooke underground and Randfontein surface operations in its results.
Firestone to lift veil on restructuring
Firestone Energy has requested a suspension in the trading of its ASX and JSE-listed
shares, expecting to announce a major restructuring by Wednesday.
Zambia to tighten grip on tax compliance
Zambia plans to tighten its grip on the government's share of profits made at the country's mines, according to a Reuters report.
Continental Coal to extend Ferreira’s lifespan
Continental Coal has entered into agreements to extend the operating mine life at the Ferreira coal mine through the acquisition of an adjacent prospecting right.
DRDGold shares up as Ergo shines
DRDGold’s Ergo surface operations has put in a strong performance for the
company, with promises of further upside as construction on another project
starts.
Codelco fails in bid for Anglo’s Chile profits
Chile’s Codelco has failed in its bid to seize more than $200m in profits from
Anglo American operations in the South American country over which it claims
part ownership.
Hostility grows over First Uranium deals
More First Uranium shareholders have indicated their opposition to the sale of
the company’s key assets, with some saying a bankruptcy process will serve
their interests better.