Acacia Mining made $712m contribution to Tanzania in 2017
ACACIA Mining, the UK-listed gold miner currently in a tax-related dispute with the Tanzanian government, said it made a total contribution of $712m to...
Resolute lowers life of mine costs at rescoped Syama underground
RESOLUTE Mining said it had made significant operating cost reductions at its Syama underground project which is being re-scoped following a near 40% increase...
Kibo says talks with TANESCO on 300MW power plant not suspended
KIBO Mining said there was no basis for speculation that negotiations with Tanzania's TANESCO - Tanzania Electric Supply Company - had been suspended.
It said...
Amplats’ numbers at least fifth higher on improved delivery
ANGLO American Platinum's (Amplats') restructuring efforts of the last three years stood it in good stead as it managed to produce at least a...
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...