Sibanye’s Froneman calls for SA president Jacob Zuma to quit
SIBANYE Gold CEO, Neal Froneman, believed it was time for South African president Jacob Zuma to relinquish power as governance issues were deterring investment.
In...
PTM lowers production guidance for Maseve, restructures debt
PLATINUM Group Metals (PTM), the Toronto-listed platinum group metal (PGM) production and development firm, has restructured terms of debt it raised for working capital...
Petra to be cash flow positive as nears end of expansion...
PETRA Diamonds would be cash flow positive in the second half of its current financial year and would also consider resuming dividend payments, said...
Harmony to spend $180m doubling Hidden Valley after $1 deal
HARMONY Gold is to buy out joint venture partner Newcrest Mining's 50% stake in Hidden Valley and invest $180m in the Papua New Guinea...
Eskom recovers Tegeta coal prepayment after 1.25mt delivered
ESKOM said it had recovered the cost of pre-paying Tegeta Energy & Exploration (Tegeta) for the delivery of 1.25 million tonnes of coal to...
Acacia full-year output target not disturbed by plant outage
ACACIA Mining expected to achieve its full year production target of between 750,000 to 780,000 ounces despite an interruption at Bulyanhulu, a mine in...
Amplats adds GTL firm to investment programme
ANGLO American Platinum (Amplats) has invested in a gas-to-liquids company that also produces hydrogen in such a way that it would lower the cost...
Master Drilling targets doubling in market value by 2018
MASTER Drilling is a tidy little business. Since listing in Johannesburg in 2013, the company has lifted dollar-denominated pre-tax earnings from its debut $35m...
Endeavour uncovers “significant” extension at Ity mine
ENDEAVOUR Mining expected to publish a maiden resource statement on an extension of its Ity mine in Côte d'Ivoire in the fourth quarter following...
Tegeta deal with Vitol would damage RBCT’s BEE endeavours
THE difficulty Richards Bay Coal Terminal (RBCT) finds itself in is that it may prove very costly to preserve its black economic empowerment (BEE)...