Off The Wires

CRG to bolster balance sheet with share offer

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Central Rand Gold said it would place about six million new shares at 10 British pence per share in order to raise £600,000 in order to bolster its balance sheet.

Xtract renegotiates O’kiep Copper deal

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Xtract Resources will pay $2.9m - some 19% less than the initial consideration - for O'kiep Copper, an asset in South Africa's Northern Cape province.

Lonmin loses 18-month no fatality record

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Lonmin said an employee had died in a vehicle accident at one of its shafts on May 19 breaking an 18 month stint of no fatalities at the company's operations

BHP’s Mackenzie slams iron ore inquiry

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An inquiry into Australia's iron ore industry would send the wrong signal to international customers about the country's commitment to free trade.

Glencore share option restaints to expire

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Restraints on the sale of shares awarded to Glencore executives when the Swiss commodity group listed in 2013 expire next week.

Exxaro interim earnings to be fifth lower

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Interim headline earnings for Exxaro Resources ended June 30 would be about 20% lower year-on-year owing to a lower contribution from iron ore.

Matona to leave Eskom, suspension lifted

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Eskom parted ways with CEO, Tshediso Matona, adding that the suspension he was serving had fallen away as he was not guilty of misconduct or wrongdoing.

Tawana in MoU for Liberia port use

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Tawana Resources said it had signed a non-binding MOU with Chinese company WISCO CAD Mining Company for use of port facilities in Liberia.

CoAL wins mining licence for Makhado

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Coal of Africa said it had been awarded a new order mining right that will pave the way for the development of its 2.3 million tonne/year Makhado project.

Kumvest in “opportunistic” VMR bid

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Village Main Reef was the subject of opportunistic interest from private investment grouping, Kumvest, said the firm's CEO, Ferdi Dippenaar.