Posted on August 6, 2012
COAL of Africa (CoAL), the embattled coal exploration and production company, continued its efforts to shore up its balance sheet issuing $44.8m in shares, and said it had revamped its board announcing the appointment of former Impala Platinum (Implats) CEO, David Brown, as its chairperson.
Posted on April 15, 2012
Transnet on Monday raised the curtain on its recently announced $37 billion expansion programme, saying it included an ambition to take thermal coal rail capacity to 98Mt per year by 2019.
Posted on November 28, 2011
Gold One International shareholders who choose to cash in on a takeover offer from a Chinese consortium would bag their returns before Christmas, after the offer on Monday became unconditional.
Posted on November 17, 2011
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament on Wednesday.
The corporate tax rate on miners will increase to 35% from 25% and a separate 10% tax on windfall profits will be introduced, according to the text.
Posted on October 31, 2011
HARMONY Gold said on Monday a decision on a proposed separate listing for the companys Evander operations would be made within two years, as it was considering all sorts of options to make the most of the assets potential wealth. CEO Graham Briggs…
Posted on October 31, 2011
HARMONY Gold posted a more than three-fold increase in quarterly earnings on Monday, beating expectations on bullion's record run. The average price in the July-September quarter was up about 13% from the previous quarter, at just over $1,700 an…
Posted on October 23, 2011
THE controversial steps taken by Zambia's new President Michael Sata in that country's mining industry is aimed at bringing partnerships and inclusivity into the industry, said Arshad Dudhia, one of the Zambia's leading lawyers. Dudhia was …
Posted on October 19, 2011
Gold Fields posted a 3% rise in third quarter gold production on Wednesday, as the world's fourth-largest gold miner overcame a strike that halted output for five days in July.
Posted on September 17, 2011
The National Union of Mineworkers (NUM) said on Friday separate wage talks with Exxaro Resources and Impala Platinum had deadlocked but strike action was not imminent.
Posted on September 11, 2011
A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated R36m power line, a newspaper reported Sunday.
Posted on September 4, 2011
[miningmx.com] — CENTRAL Rand Gold (CRG) may have to close its mine as early as next week after a government order, the Sunday Times reported, citing Bheki Khumalo, spokesman for the Department of Mineral Resources. CRG, in which
Posted on August 15, 2011
[miningmx.com] — THE riots that took place at platinum junior Platmin on June 23 could delay the projected ramp-up to full production from the Pilanesberg Platinum mine (PPM) by three to six months. Previous guidance from Platmin CEO Tom Dale was that
Posted on August 11, 2011
GOLD Fields CEO Nick Holland remains confident nationalisation of the mines would not happen in South Africa but conceded the intensifying debate was increasingly worrying international investors. He commented, “I get that feedback
Posted on August 10, 2011
THE Namibian governments proposals for additional taxes on mining could shake the foundations of the countrys industry, according to industry players in the southern African state. One of the proposed amendments to tax legislation announced by the
Posted on July 27, 2011
ArcelorMittal South Africa (Amsa) is on target to complete the due diligence being carried out on a potential new iron ore mine in the Northern Cape by September.
Amsa CEO Nonkululeko Nyembezi-Heita told investors at a presentation of the group’s interim results for the six months to end-June in Sandton on Wednesday that once the due diligence was completed further drilling would be carried out and a feasibility study undertaken.
Posted on July 22, 2011
First Uranium shareholders probably couldn’t believe their luck when the announcement came on July 22 that AngloGold Ashanti was buying around 20% of their company, relieving Village Main Reef of most of its 26% stake acquired through the takeover of Simmer & Jack.
Posted on June 30, 2011
[miningmx.com] — THE latest Metorex annual review – which covers the 18 months to end-December 2010 following a change to its financial year-end – is already out of date due to the pace of developments this year. But one comment from chairperson Rob
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