“Perfect storm’ afflicts CoAL’s share price
Strike action, depressed thermal coal prices and corporate uncertainty were the
factors creating a perfect storm in Coal of Africa’s share price, an analyst said.
Amplats ‘serious’ over punitive measures
Anglo American Platinum will go where others are fearing to tread should it carry out
its threat of dismissing workers who continue to disregard a return-to-work
ultimatum.
Amplats extends ultimatum
Striking workers at Anglo American Platinum’s Rustenburg operations are facing the
sack should they not return for duty by Thursday, the company says.
Why Harmony should rethink Golpu options
Harmony Gold will not produce enough gold in South Africa to fund its share of the
$5bn Golpu development costs.
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.
CoAL hit by 22% wage increase demand
Coal of Africa’s Mooiplaats colliery has been hit by a strike over wages, the company
says, sending the group’s share price to a new low.
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.
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.