JCI eyes JSE return as it runs short of money
JCI, the company pursued for billions of rands by sister company Randgold & Exploration, is running short of cash, but it is looking at a variety of options to raise money. It is looking at a possible resumption of its JSE listing by year-end.
Simmers weighs alternatives to rights offer
Junior gold producer Simmer & Jack Mines says it is investigating alternative solutions to the proposed rights offer.
Aurora’s Grootvlei mine in flood threat
Irate workers maintaining the mothballed Grootvlei gold mine threaten to let it flood unless Aurora pays overdue wages of R30m immediately. The company says it will pay workers on Friday.
Eastplats considers expansion options
Eastern Platinum is looking again at how it could develop the various expansion projects it controls on the Eastern Limb of the platinum-bearing Bushveld Complex.
Eastplats can increase production
Eastern Platinum, South Africa's sixth-largest platinum group metals producer, says the company has the potential to increase its production to 600 000 ounces per annum.
Xstrata-Merafe to operate at 65% capacity
The Xstrata-Merafe Chrome Venture, which supplies around 20% of the world's ferrochrome requirements, on Thursday advised that it would operate on average at 65% of capacity during winter.
AngloGold, liquidators square off
Battle lines are drawn between AngloGold Ashanti and the liquidators of Pamodzi Gold, with fresh allegations surfacing that promise to make this a drawn out and messy affair.
Jubilee advances platinum plant plans
Jubilee Platinum is moving rapidly to build a commercial plant to treat chrome-rich platinum concentrate, an important development in the South African platinum sector.
South African gold output falls hard
The news from South Africa's gold sector remains grim. Gold output has fallen again in the first quarter of the year as an inexorable slide in production continues.
NUM fights De Beers’ plan to sack 350 miners
The National Union of Mineworkers has warned De Beers that it will fight plans to retrench more than 350 workers at its Finsch mine in the Northern Cape.