RBPlat raises R240m in book-build as further shores up balance sheet
ROYAL Bafokeng Platinum (RBPlat) said today it had raised about R240m following a sale of approximately 9.79 million shares through a book-build programme.
The completion...
Aveng unit Moolmans to exit or renegotiate troublesome mining contracts
AVENG, a Johannesburg-listed diversified industrial business, said it would renegotiate existing mining contracts or exit them after the firm posted a R401m loss in...
Kidnappings reported at Burkina Faso’s Burkinabe gold mine
A SOUTH African national has been kidnapped in Burkina Faso, a day after three people including a South African working at a Burkinabe gold mine...
Kibo seeks clarity from TANESCO on impact of tender process
KIBO Energy welcomed the award of a Special Mining Licence for its Mbeya coal mine which will supply the Mbeya Coal-To-Power Project (MCPP) in...
Barrick, Randgold union could trigger fresh wave of gold industry consolidation
THE blockbuster merger of Barrick Gold with Randgold Resources announced yesterday could trigger a fresh wave of consolidation in the world's gold mining sector,...
RBPlat secures R1bn increase in debt to fund R1.86bn purchase of...
ROYAL Bafokeng Platinum (RBPlat) said it had secured an increase in existing debt facilities to R3bn from R2bn which was a pre-requisite to completing...
Hummingbird sticks to 115,000 oz forecast despite heavy Mali rains
HUMMINGBIRD Resources kept gold production guidance for its 2018 financial year at between 105,000 to 115,000 ounces despite encountering lower output in the third...
Endeavour to unveil maiden resource at “priority target” in Q4
ENDEAVOUR Mining is due to post a maiden resource estimate for Fetekro, a greenfield exploration property in north-central Côte d'Ivoire which it described today as...
NUM signs three-year wage deal with AngloGold Ashanti
THE National Union of Mineworkers (NUM) joined rival the Association of Mineworkers and Construction Union (AMCU), as well as UASA and Solidarity, in signing...
Amplats finance director resigns after deciding to leave SA
IAN Botha, finance director for Anglo American Platinum (Amplats) has resigned from the company after deciding to leave South Africa in order to pursue...