Sable in MoU with CITIC for Lubu coal project
Sable Mining has signed a memorandum of understanding with China's CITIC with a view to building a 600MW coal-fired power station in Zimbabwe.
Impala to cut 1,600 jobs at Rustenburg
Impala Platinum is to cut 1,600 jobs at its Rustenburg operations after the price of platinum fell to a six year low.
Transnet confident on export coal volumes
Transnet said it expected to move about 75 million tonnes of export coal in its 2016 financial year despite a pricing bloodbath in the coal market.
Lonmin draws down $400m revolving credit
Lonmin has drawn down a $400m revolving credit facility in order to stay afloat whilst it negotiates a restructure of its debt with lenders.
Former Anglo CEO Carroll re-emerges
Former Anglo American CEO, Cynthia Carroll, has taken on an advisory role at UK-listed Vedanta Resources.
NUM to recommend improved gold wage offer
The National Union of Mineworkers will recommend an improved wage offer from gold mining companies but believed the increase was still unfair.
Mid-sized miners to drive consolidation
Medium-sized mining companies would lead a new round of consolidation in the mining sector, said a World Bank official.
SA coal sector wage offer rejected by unions
South African unions have rejected the latest wage offer from the country's coal industry.
Wescoal’s Elandspruit on track for 170kt
Wescoal Holdings said its Elandspruit project was on track to produce 170,000 tonnes per month of coal "well before the end of the year".
Glencore Zambia unit Mopani to cut 4,500 jobs
Mopani Copper Mines, Glencore's Zambian copper unit, plans to cut about 4,300 jobs following low copper prices and an electricity shortage.