Off The Wires

CoAL secures R210m loan from Investec

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Coal of Africa said it had finalised a R210m loan from Investec which includes the issue of share options at about R1.32/share.

Molefe says miners underpay coal juniors

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A bruising battle between Transnet CEO, Brian Molefe, and shareholders in RBCT continued with Molefe saying miners underpaid junior coal miners.

Namibian firm wants stake in Navachab

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Namibia's state-owned Epangelo Mining Company said it was interested in taking a stake in Navachab, the gold mine due to be sold by AngloGold Ashanti.

AMCU confirms Implats strike to proceed

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The Association of Mineworkers & Construction Union said it would proceed with a strike at the mines of Impala Platinum.

Implats workers to strike

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The Association of Mineworkers & Construction Union said it would embark on a strike at Impala Platinum's mines after failing to agree wage increases.

Cote d’Ivoire could be best: Bristow

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Randgold Resources CEO, Mark Bristow, said changes to the country's mining code should encourage investment in order to cement its position as an attractive destination.

Aquarius, Implats mull second Mimosa shaft

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Aquarius Platinum and Impala Platinum were considering plans to sink a second shaft at their Mimosa Platinum Mine in Zimbabwe.

SA mining grew 2.3% in 2012: Shabangu

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South African mines minister Susan Shabangu said the mining sector grew 2.5% in 2012 which led to the creation of 11,754 jobs.

Anglo sticks with Minas Rio as prices climb

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Anglo American may not sell part of its shares in Brazilian iron ore project Minas Rio as prices for the steel ingredient were on the rise.

Petmin settles Somkhele wage strike

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Petmin said workers at its Somkhele anthracite mine and processing facilities would return to work on October 28 after agreeing a new, two-year wage deal.