Exxaro’s Mgojo starts tenure with strategy on his mind
THE surprise departure of Wim de Klerk, financial director of Exxaro Resources, comes at a difficult time for Mxolisi Mgojo who will only have...
WCC parts with interim CEO as hurly-burly continues
THE hurly-burly surrounding the fortunes of Waterberg Coal Company (WCC) are showing no signs of letting up after the company announced today its interim...
Ghana lowers tax as Gold Fields ponders Damang future
GHANA has agreed to lower the corporate tax and royalty rate for Gold Fields as the South African miner weighs a $100m expansion of...
Petmin to press ahead with share buy-back programme
BRADLEY Doig, commercial director of mid-tier coal producer and iron ore development firm, Petmin, says they’ll be no let up in the company’s share...
Rio’s ZAC output unaffected despite sabotage, violence
OPERATIONS were continuing at Zululand Anthracite Colliery (ZAC), a company in which Rio Tinto has 74% stake, following an outbreak of violence over the...
Kimberley museum ‘enraged’ as miner threatens stone age site
THE McGregor Museum in South Africa's Kimberley has interdicted diamond mining on Canteen Kopje - an internationally famous archaeological site near Barkly West –...
Anglo springs $1.8bn in bond buy-back to ease net debt
ANGLO American said it had bought back $1.8bn in bonds which would reduce net debt by $130m and save it $190m over three years...
Jubilee bags R230m in funding for PGM surface projects
JUBILEE Platinum has finalised its fund-raising of R230m through debt and share placements for two surface platinum-processing projects.
The first project, a chromite recovery section...
Wescoal commits to close BEE deal by December
COAL mining junior Wescoal has announced it will post a 50% increase in earnings for the financial year to end-December above the 15.7c a...
Centamin pays $33m dividend, targets 470,000 oz in 2016
EGYPTIAN gold miner Centamin reported a heavy fall in its 205 profit but paid just over $33m in dividends - $2.94 per share in...