Off The Wires

CoAL in $24.7m Singaporean Makhado deal

0
Coal of Africa has issued shares and entered into a loan agreement with Singaporean investment firm, Yishun for its Makhado coking coal project.

SA mining sector in trouble, says Patel

0
South Africa's minnig sector was "in trouble" amid job losses and lower commodity prices, said economic development minister, Ebrahim Patel.

Miners in Zambia to cut power up to 15%

0
Mining firms in Zambia have agreed to cut power usage by between 10% and 15% to ease pressure on the country's national grid.

Anglo, Glencore backed to see off slump

0
Anglo American and Glencore were strong enough to see out the slump in commodity prices, said a fund manager.

PGMS miners facing R24bn finance challenge

0
Platinum miners may have to tap the market for R24bn in finance by the end of next year unless prices for the metal improved.

SA resources stocks plumb new depths

0
South African mining equities were under the kosh again as metal prices continued to sink.

AngloGold Ashanti concludes CCV sale

0
AngloGold Ashanti said it had closed the sale of its North American mine Cripple Creek & Victor to Newmont Mining for $820m in cash.

Merafe positioned to withstand depressed market

0
Merafe Resources paid a dividend and lowered debt despite weaker interim results and said it was well positioned to withstand weak market conditions.

AMCU formally reject gold wage offer

0
The Association of Mineworkers & Construction Union today formally rejected a final wage offer submitted by gold producers AngloGold, Sibanye and Harmony.

Vedanta in legal stew over Zambia pollution claim

0
Vedanta Resources is facing legal action in London's High Court after Zambian villagers claimed their water source had been polluted.