AngloGold casts wide net for new CEO
ANGLOGOLD Ashanti is understood to have listed seven candidates to replace Mark Cutifani as CEO, with speculation that ArcelorMittal's global head of mining, Peter Kukielski, is on the list.
Gold One in covenant breach with Investec
Gold One International was under pressure after it booked a R684m write-down on Rand Uranium and said it was in breach of debt covenants with Investec Bank.
Amcu positive on Amplats restructuring
Jimmy Gama, treasurer for the Associated Mineworkers & Construction Union said he was optimistic job losses could be yet further minimised at Amplats.
Timis subject to proble into $50m payment
Frank Timis, chairman of African Minerals, was subject of a probe following the payment of $50m to a former buyer of the firm's iron ore.
Rockwell agrees $6.3m sale of Tirisano
Rockwell Diamonds is to sell its Tirisano mine for $6.3m in cash which it will use to help fund exploration, acquisitions and mineral rights development.
SA cabinet ratifies Grand Inga treaty
South Africa has approved the ratification of the Grand Inga Treaty with the DRC which allows for construction of the first phase of the 40,000MW hydroelectric project.
Zimplats declares Bimha mine safe
Zimplats, which is controlled by Impala Platinum, said its Bimha mine was safe after a collapse of a shaft that cost it 50% of its production.
China iron ore exports rocket in December
Iron ore exports to China in December increased 29% as the price weakened and some local mills were shuttered over the winter month.
Rockwell suspends Niewejaarskraal amid loss
Difficult times for Rockwell Diamonds as management continues to restructure its assets amid high costs which led to a hefty $65m first quarter attributable loss.
Jubilee nears funding for surface platinum project
Jubilee Platinum said funding for the construction and commissioning of proposed platinum re-treatment facilities was well advanced.