Govt to test platinum lifeboat options
Amid another platinum mine closure, the South African government says it is
studying options for intervening in the sector in an effort to help save jobs.
Village looks for Lesego partner
Village Main Reef says it is looking for a partner to advance its sole platinum
asset as a pre-feasibility study shows a possible return rate of 18% for the
asset.
Pallinghurst shows its hand on R800m rights offer
JSE-listed holdings group Pallinghurst Resources has launched its latest R800m
rights offer as the company prepares to extend its reach to copper and coal.
Aquarius cutback “too small to notice’
The platinum price will only respond to supply cutbacks once the major PGM
producers embark on shaft closures, says analysts.
Gold One in NUM talks following dismissals
Gold One International has begun talks with the National Union of Mineworkers
(NUM), following the dismissal of employees who participated in an illegal strike
at the group’s Modder East mine.
Exxaro finalises Ross Pinah sale
Exxaro Resources says it has finalised the sale of its 50.04% interest in Rosh Pinah Zinc to Glencore International.
BEE group in new First Uranium bid
BEE holdings group Kumvest, headed by Mandla "Bear' Kumalo, has submitted a
proposal to keep embattled gold miner First Uranium running as a going concern.
Aussie miner floats rail JV with Exxaro
The relationship between Equatorial Resources and Exxaro Resources has
thawed with the two firms looking at sharing iron ore infrastructure costs in the
Republic of Congo.
Glasenberg defends steep executive pay
Glencore CEO Ivan Glasenberg has defended steep executive pay packages and
showed support for the CEO of Xstrata, reports Reuters.
First Uranium gives distributions update
TSX and JSE-listed gold producer First Uranium says currency fluctuations may
work in shareholders’ favour when the leftover proceeds from the sale of its key
assets are distributed.