Tharisa adjusts Salene deal taking “call option” pre-cautionary step
THARISA has restructured its planned investment in Salene Chrome Zimbabwe, a prospective chrome deposit, agreeing with shareholder, Leto Settlement, to grant Tharisa a call...
Universal Coal shares in trading halt ahead of announcement
MC Mining (MCM), the Johannesburg-listed thermal coal producer and development firm, excluded itself from possible suitors for Universal Coal. "It’s not us," said David...
Tegeta crisis leaves Eskom stations with less than 10 days coal
THE ongoing production problems at the coal mines formerly owned by Tegeta Exploration and Resources is creating havoc for Eskom, the South African power...
Zimbabwe control of mines not seen a threat by Implats’ Muller
IMPALA Platinum (Implats) CEO, Nico Muller, said there was no threat the company would have to transfer control of its Zimbabwe mines to local...
South32 seals deal on 50% Eagle Downs stake for $106m
SOUTH32 said it had completed the purchase of a 50% stake in Eagle Downs, from Aquila Resources, a subsidiary of China BaoWu Steel Group, for an upfront...
US trade war has potential to further hurt SA mining sector
SOUTH Africa's mining sector may have moved out of recession in the second quarter of this year but the ongoing trade war between the...
Bushveld improves exposure to Vametco after $20m transaction
BUSHVELD Minerals has increased its stake in Vametco to 75% after buying for $20m a 21.2% interest in Strategic Minerals Corp. (SMC), described as...
Gold Fields to improve in-country relations after high-ranking in DJSI
GOLD Fields CEO, Nick Holland, said the company could improve the quality of its relations with the host countries in which it operates.
Acknowledging, the...
Lucapa postpones sales ahead of improved Angolan diamond policy
LUCAPA Diamond Company postponed the sale of "several high-value diamonds" in order it would benefit from a change in Angola's diamond marketing policy.
In July,...
Congo plans special economic zone for minerals beneficiation
A SPECIAL economic zone for companies that manufacture goods from the country's minerals is being planned by the Democratic Republic of Congo (DRC), according...