Forbes Coal buys Rio Tinto’s ZAC
Forbes & Manhattan Coal is buying global diversified miner Rio Tinto’s majority stake
in Zululand Anthracite Colliery for an estimated R440m.
Zimplats accepts $33.8m tax charge
Zimplats has conceded defeat in its battle with the Zimbabwe Revenue Authority,
saying that it won’t further contest a revised tax assessment of $33.8m.
Scouting for diamonds in the rough
Don’t sell your diamond shares. And definitely don’t sell them if you happened upon
the irrepressibly enthusiastic reports of meteorites holding trillions of carats.
Great Basin granted $35m loan
Great Basin Gold has been granted a $35m working capital loan by its existing
lenders.
Amplats still hit by no-shows
Anglo American Platinum has extended its deadline for workers to return for duty
until Monday.
Village Main’s Buffels spared the axe
Village Main Reef’s Buffelsfontein mine will stay in business, with the higher gold
price and improved production offering the mine lifeline, for now.
NUM sends ‘SOS’ over imminent strikes
The increases achieved by striking workers at Lonmin have ignited the fuse at many
of the country’s other mines, says the National Union of Mineworkers.
AngloGold workers on strike at Kopanang
Workers have embarked on an illegal strike at gold producer AngloGold Ashanti’s
Kopanang mine, reports Reuters.
Lonmin’s Scott can’t rule out “tough decisions’
Simon Scott, interim CEO for Lonmin, said there may still be some tough decisions to
make regarding the platinum producer’s business despite workers returning to work.
Zuma calls in the troops
President Jacob Zuma has authorised the deployment of the SANDF to maintain law
and order in the platinum rich areas of the North West province.