Petra Diamonds R2.2bn rights issue 94.7% subscribed
PETRA Diamonds, the UK-listed diamond producer operating in South African and Tanzania, said it had received acceptances for 94.7% of the total number of...
Wescoal Holdings agrees to sell Intibane colliery for R57m
WESCOAL Holdings is to sell its Intibane colliery for R57m as part of a strategy of disposing non-core assets. Negotiations to sell another non-core asset...
Universal Coal upgrades 2018 pre-tax earnings forecast as sales fly
UNIVERSAL Coal, an Australian-listed company operating in South Africa, upgraded its expected pre-tax earnings for its 2018 by 27% to A$70m owing to increased...
Sibanye-Stillwater to defend “vigorously” against class actions
SIBANYE-Stillwater said it intended to "vigorously" defend itself against potential class action lawsuits launched against it related to a series of fatalities suffered at...
Golden Star refinances $20m in debt for Wassa gold mine
GOLDEN Star Resources, a Toronto-listed gold business operating in Ghana, said it had raised $20m from a local bank in order to repay a...
Implats appoints former AngloGold finance VP as CFO
IMPALA Platinum (Implats) said it had appointed Meroonisha Kerber, previously senior vice-president of finance at AngloGold Ashanti, as its new CFO. Kerber replaces Brendan...
Karowe to yield high value stones for remainder of open pit...
LUCARA Diamond, the Toronto-listed mining firm, said a study to update the indicated mineral resource of its Karowe mine in Botswana had found that...
Ghana grants Environmental Permit to AngloGold’s Obuasi
ANGLOGOLD Ashanti's plans to re-open its Obuasi gold mine received another boost after the Ghana government granted the firm an Environmental Permit for mining...
De Beers registers $575m in sales despite global pressures
FIFTH cycle sales for De Beers came in 6% higher at $575m, according to BusinessLive which cited an announcement by the Anglo American subsidiary today.
"This...
Glencore confident in SA future owing to Ramaphosa familiarity
GLENCORE was committed to growing its business interests in South Africa partly owing to its comfort with the country's president, Cyril Ramaphosa, who was...