Eskom mulls new Exxaro coal supply deal
UPDATED - Exxaro said it had started delivering coal to Eskom’s Medupi power
station, even though the power utility was still to agree to a new ramp-up
schedule.
ResGen “due for a run’
Targeting coal mining in the Waterberg, exploration group Resource Generation
has cleared major hurdles that may bring about a run in its share price,
according to RBC Capital Markets.
Wrangle over pricing delays Kumba, Amsa deal
Kumba Iron Ore is said to be pushing ArcelorMittal SA to pay more for ore
supplies from Sishen; a development that has seen the parties extend talks
over a new interim supply deal.
Petra to cast net wide for “fissure mine’ buyers
Johan Dippenaar, Petra Diamonds CEO, says the non-core fissure mines have up
to 12 years of life left, with a deal to be finalised within months.
Gem orders capex review as market fades
Gem Diamonds, the London-listed diamond group operating in Lesotho, said it
would reconsider its capital expenditure plans amid weaker prices for diamonds.
Botswana passes on $1.26bn De Beers rights
Anglo American says its has lifted its stake in De Beers from 40% to 85% after the Botswana government passed on its pre-emptive rights worth $1.26bn.
Sable Pt backers say market will turn
It may seem folly to list a platinum exploration play while producers are closing
up shop, but mining’s a long-term game, say the people behind Sable Platinum.
Amplats’ Griffith has little margin for error
Anglo American Platinum’s Chris Griffith has inherited a rather unenviable
position in SA’s mining industry. However, he does seem to be extraordinarily
blessed with good fortune.
Gold One to hold Ezulwini by end of week
First Uranium says the sale of its Ezulwini mine to Gold One International is on
track, and is expected to be implemented on Wednesday.
Gold One eyes new prime assets
As Gold One International is about to add First Uranium’s Ezulwini to its
portfolio of assets, CEO Neal Froneman says the company may announce more
acquisitions before the end of the year.