Nkwe sets JSE date, awaits Xstrata decision
Nkwe optimises a bankable study into a R6.5bn-R8.3bn platinum project ahead of a listing on the JSE and Hong Kong. Xstrata must decide if it wants to earn into the project and shoulder the costs.
BHP finalises JV arrangements for project
BHP Billiton has confirmed the formation of the new joint venture for its Indonesian Coal Project with a subsidiary of PT Adaro Energy TBK (Adaro) following the completion of
Government approvals.
Implats output unaffected by work stoppage
Impala Platinum says its production remains unaffected by a work stoppage at its 12 Shaft operation in Rustenburg.
Namakwa secures $15m loan
Namakwa Diamonds, the London-listed vertically integrated diamond mining company, has announced it has secured debt financing of $15m from a private investor.
Ruashi plant shut for maintenance
Metorex, a focused base metals mining group, says it plans to shut down its Ruashi plant in the DRC to carry out essential maintenance work.
Wesizwe secures R6.6bn Chinese funding
Wesizwe secures financing of R6.6bn to build a mine. The funding will come from a Chinese consortium, comprising Jinchuan Group and the China Africa Development Fund, and which will take a 51% stake in Wesizwe.
Kumba takes Sishen dispute to court
Kumba Iron Ore has taken formal legal action against the Department of Mineral Resources over the Sishen mineral rights dispute in addition to the lengthy internal appeal already under way.
Wesizwe’s R6.6bn China option in the balance
Shareholders in platinum junior Wesizwe will decide in the next three months whether to go ahead with a R6.6bn capital injection that will see a Chinese consortium take control of the company.
Lonmin extends main furnace shut down
Lonmin is to step up toll-treatment arrangments after it extended the month-long shut down of its Number One furnace by up to 30 extra days after earlier repairs failed.
Chinese pour money into Guinea iron venture
AIM-traded Bellzone strikes a deal with China International Fund to build a $2.7bn railway that opens up a giant iron ore deposit in Guinea and potentially brings forward the production date.