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Coal of Africa shares jump on Vele licence decision

Shares in Coal of Africa jumped as much as 21 percent on Wednesday after South Africa lifted the suspension of a key licence at its Vele colliery, allowing the miner to press ahead with plans to start production next year.

Zimbabwe to probe foreign firms over ownership law

Zimbabwe will soon probe foreign-owned firms to establish their level of compliance with a law requiring them to sell at least a 51 percent shareholding in their Zimbabwean operations to locals, an official said on Tuesday. The heavily criticised law is

Rossing Uranium has offered workers deal-union

Namibia's Rossing Uranium, a unit of mining giant Rio Tinto , has offered its workers a deal in a labour dispute over production bonuses, just before the scheduled start of a strike, the Mineworkers Union of Namibia (MUN)said on Friday. "We talked till

Zimplats says Zimbabwe moves on licence

The Zimbabwean unit of Impala Platinum , the world's second-largest producer of the precious metal, said the government had taken steps to revoke its operating licence and it remained in talks with authorities. The government has been trying to get
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Coal of Africa shares jump on Vele licence decision

Shares in Coal of Africa jumped as much as 21 percent on Wednesday after South Africa lifted the suspension of a key licence at its Vele colliery, allowing the miner to press ahead with plans to start production next year.