Bauba forced to lower funding target
Hit by market volatility, Bauba Platinum has dropped its minimum funding target significantly and extended the closing deadline to raise the money.
Seven injured at Gold Fields Driefontein
The National Union of Mineworkers says seven mineworkers had been injured at Gold Fields' Driefontein mine outside Carletonville.
Galaxy Gold moves ahead with plans to list
New South African gold mining and exploration company Galaxy Gold has proved that it is progressing with its plans to list on the JSE by the third quarter of this year.
Randgold & Exploration’s low-key JSE return
Randgold & Exploration, which was plundered for billions of rands by Brett Kebble, finally resumes trading on the JSE. New CEO Marais Steyn is keen to revive Randgold's fortunes in resources.
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 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.
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.