First Uranium delivers final insult
Shareholders in First Uranium have to endure one last stomach blow as the
company revises down its earlier guidance on distributions from the sale of all
its key assets.
Another blow for ArcelorMittal in Kalagadi feud
Kalahari Resources has won another round in its legal battle against its joint shareholder in the Kalagadi Manganese project, ArcelorMittal.
Former employees invade Kroondal, three dead
Mine violence broke out at Kroondal’s Kwezi shaft, a part of its Kroondal mine,
which is the only operation to survive brutal cutbacks amid a supply surplus.
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.
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.
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.
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.
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.
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.