Sentula to raise R106m through rights issue
Earth-moving and exploration drilling company, Sentula, is to tap shareholders for R106m in funds through a rights issue.
Gold demand slips for 4-year low
Gold demand fell to a four-year low despite surging physical demand owing to record exchange traded product sales and less central bank buying.
CoAL gains 12.5% on Mooiplaats sale
Shares in Coal of Africa gained 12.5% in Johannesburg after saying it had raised R250m from the sale of its mothballed Mooiplaats colliery.
CoAL concludes Yishun share placement
Coal of Africa has completed a share placement and loan agreement with China's Yishun Brightrise Investment raising a combined $24m for its Makhado project.
Exxaro interim earnings to be fifth lower
Interim headline earnings for Exxaro Resources ended June 30 would be about 20% lower year-on-year owing to a lower contribution from iron ore.
Amplats struggles to replace Johnson Matthey
Amplats cancelled its long-standing contract with Johnson Matthey last year which marketed its metals to customers, but is now struggling to fulfill the same function.
Lonmin directors to quit board in 2014
David Munro and Mahomed Seedat would not seek re-election to the platinum firm's board at its AGM scheduled for January 30.
Randgold may seize on buying opportunities
The slump in the gold market may present opportunities for Randgold Resources to buy production, said its CEO, Mark Bristow.
Investors sceptical of Zim election
Investors said government change in Zimbabwe could lead to fresh investment, but they were sceptical Robert Mugabe would be dislodged.
Indian coal miners watchful of SA’s BEE
Indian investors retained an interest in South Africa's coal sector but proposed changes to BEE regulations worried them, Webber Wentzel said.