PTM impairs Maseve, fires contractor, but looks to better 2017
PLATINUM Group Metals (PTM) reported a less than smooth start to its Maeseve mine in its 2016 financial year impairing the asset for $41.4m...
Northam’s Dunne adds voice to SA mining distress call
PAUL Dunne, CEO of Northam Platinum, added his voice to industry concerns regarding the condition of South Africa's mining sector saying investors were "getting...
Tharisa promises “considerable” cash growth after maiden payout
CHROME and platinum group metal (PGM) mining firm, Tharisa, is to pay a maiden dividend of 1 US cent per share and said it...
Despite its best efforts, Lonmin remains a company in distress
LONMIN, the Johannesburg-listed platinum producer, ended its 2016 financial year in a far better position than it began with net cash increasing to $173m,...
Congo election postponement not a threat to Ivanhoe projects
A DELAY in elections in the Democratic Republic of Congo (DRC) did not pose a threat to agreements signed between it and Ivanhoe Mines,...
Keaton considering exports after banks express Eskom concern
KEATON Energy is considering exporting coal from Moabsvelden because it might not attract finance for the R300m project if it dealt with Eskom.
Keaton already...
Rockwell in liquidation bid as audit uncovers irregular deals
ROCKWELL Diamonds has suspended operations at its Wouterspan plant in South Africa's Northern Cape following a contract dispute with a mining contractor that has...
Diamond market fragile but dearth of new supply by 2018
ANOTHER 'sight', another respectable showing for De Beers which said earlier this month diamond sales for its ninth cycle had amounted to $470m compared...
Keaton Energy in takeover talks after expressions of interest
KEATON Energy said it had received "expressions of interest from various parties" regarding the takeover of the company - an announcement that added 7%...
Beleaguered Hwange abandons rights issue as debts pile up
HWANGE Colliery Company (HCC's) funding woes continued after it announced it had suspended long-standing discussions about issuing shares for cash.
It said in an announcement...