ContiCoal appoints board to study funding
Continental Coal has appointed a special board committee to review several offers to refinance its $15m in convertible debentures.
Baxter anointed COO of CoM
Roger Baxter, an economist, has been appointed chief operating officer at the Chamber of Mines where he will continue to lead strategy for the industry.
Grootvlei disaster could be repeated
The human tragedy at the Grootvlei gold mine could be repeated in the sector if support was not lent to miners attempting to close and rehabilitate mines.
Namibia gem polishers on tenterhooks
Namibian diamond polishers will only know if they can renew contracts once a new agreement with De Beers and the Namibian government is signed.
Anglo quits Pebble, writes down $300m
Mark Cutifani, CEO, said the group would write-down $300m as it quit the Alaska Pebble Copper prospect in line with its focus on near-term, high value ventures.
Miners split over lock-out option
Sibanye Gold, Harmony Gold and AngloGold Ashanti favoured locking out workers while Gold Fields, Rand Uranium and Village Main Reef did not.
Transnet raise R13bn for locomotives
Transnet raised R13bn for the purchase of 1,064 locomotives which completes the funding target the government-owned firm said it wanted to finalise this year.
Govt to pump acid water in four months
South Africa's water affairs department will begin pumping acid water from Johannesburg's central basin within about four months.
Wesizwe expects H1 basic loss
Wesizwe Platinum expects to report basic earnings per share of between 49 cents and 51 cents for the six months ended June 30, 2010, compared to a basic loss per share of 2.55 cents previously.
Canadians buy Great Basin’s Hollister mine
A Canadian investment company has bought the Hollister mine formerly owned by Great Basin Gold after
the latter went into liquidation.