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Exxaro confirms take-or-pay coal railing contact with Transnet

By: Martin Creamer     Updated 9 minutes ago Black-controlled coal mining company on Thursday confirmed its status as a signatory of a take-or-pay rail contract with the State-owned logistics group Transnet Freight Rail (TFR) for the railing of its coal to the Richards Bay Coal Terminal (RBCT) in Kwazulu-Natal. This follows BHP Billiton... 

Exxaro confirms take-or-pay coal railing contact with Transnet
Photo by Duane Daws
Mxolisi Mgojo

Implats appoints political, industry heavyweights to board

By: Natalie Greve     Updated 1 hour 23 minutes ago JSE-listed Impala Platinum (Implats) has appointed former Cabinet Minister Dr Sydney Mufamadi, former Harmony Gold CEO Bernard Swanepoel and former African Development Bank COO Dr Nkosana Moyo as independent nonexecutive directors, with immediate effect.  Mufamadi is a director of the School of... 

Mick Davis’s X2 Resources increases capital to $5.6bn

     Updated 2 hours 3 minutes ago Private mining venture X2 Resources, which was started by former Xstrata CEO Mick Davis, has completed its initial capital raising process, securing a total of $5.6-billion in equity capital to finance the creation of a new midtier diversified mining and metals group. The funding, which the... 

Mick Davis’s X2 Resources increases capital to $5.6bn
Mick Davis

Botswana Diamonds to intensify Orapa exploration

     Updated 4 hours ago Aim-listed Botswana Diamonds, through its 50:50 joint venture with Russian diamond miner Alrosa, would spend $1-million this year on the exploration of its licence at Orapa, Botswana. The JV partners were aiming to discover major new kimberlites during the year. 

Botswana Diamonds to intensify Orapa exploration

Noble picks up on Xanadu shortfall

By: Esmarie Swanepoel     Updated 6 hours ago Diversified supply chain group Noble has increased its shareholding in ASX-listed Xanadu Mines to 9%, after taking up a subscription shortfall in the company’s recent rights issue. Noble took up more than 5.5-million shares, at 12c each, for a total investment of A$665 746. 

Woodside’s A$2.75bn Wheatstone buy gains competition approval

By: Esmarie Swanepoel     Updated 7 hours ago The Australian Competition and Consumer Commission (ACCC) this week gave its blessing to ASX-listed Woodside’s $2.75-billion buy of Apache Corporation’s share in the Wheatstone liquefied natural gas (LNG) project. Under the sales agreement, Woodside would acquire Apache’s 13% interest in the... 

Fortescue refinances debt with $2.5bn issue

By: Esmarie Swanepoel     Updated 7 hours ago Iron-ore major Fortescue Metals on Thursday announced a multi-billion dollar refinancing that would result in the majority of the company’s debt maturing beyond 2021. The miner launched a new $2.5-billion senior secured debt issue, and offered holders of its 2017, 2018 and 2019 senior unsecured... 

Mining remains a main contributor to Australia’s GDP growth

By: Esmarie Swanepoel     Updated 7 hours ago The mining sector was one of the largest contributors to Australia’s 0.5% growth in gross domestic product (GDP) during the December quarter, the Australian Bureau of Statistics (ABS) revealed this week. Figures from the ABS showed iron-ore mining added about A$60.2-billion in gross value, while... 

Mining remains a main contributor to Australia’s GDP growth

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