Investec facing R1.3bn R&E investor claim
Investec is facing a R1.3bn claim from shareholders in Randgold & Exploration who want the South African bank to pay them for their shares in the mining firm.
Harmony to up gold output 8-10%
Harmony Gold will report an 8% to 10% increase in total gold output for the first quarter of its financial year with gold from the South African operations up 16%.
Zimbabwe calls on miners to cut power 25%
Zimbabwe as asked mining companies to cut power consumption a quarter amid a water shortage that is resulting in less production from its hydroelectric facilities.
Lonmin considering share sale
Lonmin is considering a sales of its shares in order to refinance nearly $600m in debt and was heartened by the successful rights issue of rival Impala Platinum.
NUM to call go-slow at Sibanye’s Beatrix
The National Union of Mineworkers will undertake a go-slow at Sibanye Gold's Beatrix mine if the company continues to refuse signing a wage deal.
Brown holds up China model over privatisation
Public enterprises minister, Lynne Brown, dismissed the notion the South African government was considering privatisation of state-owned utilities.
Implats completes bookbuild at 12.7% discount
Impala Platinum said it had raised about R4bn through the issue of approximately 102.6 million shares for R39 per share - a 12.7% discount.
HCC to launch rights issue to pay debt
Hwange Colliery Company said it was investigating a rights issue and private placement of its shares in order to convert government debt into equity.
Resgen fails to stop general meeting
A general meeting to vote on whether to remove the current board of coal development firm Resource Generation would proceed.
AngloGold may slip off JSE’s Top 40 Index
AngloGold Ashanti may face be removed from the Johannesburg Stock Exchange's Top 40 Index in December should its share price decline persist.