QKR sells 7.5% in Navachab to Epangelo
QKR Corporation, founded by former banker Lloyd Pengilly, has sold a 7.5% stake in its recently purchased Navachab mine to Namibia's Epangelo Mining.
Friedland in ‘impasse’ with SA’s DMR
Ivanhoe Mines was caught in an impasse with the South African government over the building of a $1.6bn platinum mine.
AMSA to seek duties on Chinese imports
Paul O'Flaherty, CEO of ArcelorMittal South Africa, wants export tariffs slapped on Chinese long and flat steel products.
Namaqualand deal good timing for Trans Hex
The purchase of the Namaqualand diamond mine from De Beers represented good timing for Trans Hex, said its CEO, Llewellyn Delport.
Bauxite trade holds up despite Ebola
Exports of bauxite from West Africa were holding up well despite the problems posed by the outbreak of the Ebola virus in the region.
DRC copper output may be surpassed by Zambia
The Democratic Republic of Congo could lose its position as Africa's largest producer of copper owing to an energy deficit and mining code changes.
Minas Rio could add $560m to Anglo earnings
The recently commissioned Minas Rio iron ore project could add $560m to the earnings of Anglo American, according to a stockbroker.
Funding for R220m ERPM sale finalised
DRDGold would double its cash balance once it had sold mineral rights in ERPM, a transaction that had now received funding.
Resgen chasing down final $400m funding
Resource Generation said it was hoping to receive final funding offers totalling $400m for its proposed 6 million tonne/year Boikarabelo coal mine.
Wescoal headline earnings lower
Wescoal Holdings would report lower headline earnings owing to an exceptional item in the previous financial year in which it sold mineral rights for R71m.