NUM marches on Optimum amid fears mine is on the skids
HUNDREDS of members from South Africa's National Union of Mineworkers (NUM) marched on the premises of Optimum Coal Mine owing to fears they might...
Environmental groups prepare interdict to halt Petmin mine
ENVIRONMENTAL lobby groups are set to lock horns with Tendele Mining, a subsidiary of Petmin, a predominantly anthracite mining firm whose Somkhele colliery is...
Assore lifts interim dividend 67% to R10/share as prices fly
JOHANNESBURG-listed ferrous metals investment company, Assore, paid an interim dividend of R10/share, equal to a 67% increase year-on-year owing to buoyant price for the...
Gigaba welcomes Chamber of Mines’ court hearing postponement
SOUTH African finance minister, Malusi Gigaba, said he welcomed a decision by the Chamber of Mines on February 18 to postpone a High Court...
Kabila not yet signed mining code change as deadline looms
JOSEPH Kabila, president of the Democratic Republic of Congo (DRC) is thought to have until Thursday (February 22) to reject or sign into law...
Tanzania to lock foreign banks, law firms out of mining sector
FOREIGN-owned banks, insurance companies, and law firms could be locked out of Tanzania's mining sector as part of tough new regulations that aim to...
Optimum Coal runs risk of losing mining licence, says expert
OPTIMUM Coal Mine, which is owned by Gupta family company, Tegeta Resources, could lose its mining licence if its water supply to the nearby...
Ramaphosa pledges to compensate Marikana tragedy families
SOUTH African president, Cyril Ramaphosa, would ensure families of 44 miners who died during clashes with police during the Mariakana platinum protests of 2012...
Implats forecast to narrow interim loss owing to metal tie up
IMPALA Platinum (Implats) appears set to unveil an improved numbers when it reports its interim results, scheduled for March 1, although it will remain...
Petra freezes $60m in capex as rand strength heaps on pressure
PETRA Diamonds has iced $60m (R701m) in capital expenditure over the next three years in order to focus on paying debt, said UK newspaper,...