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Africa
 
COAL

South Africa poised to move second rank as India’s imported coal supplier

0 COMMENTS
ndia’s rankings of the most preferred source of coal imports was expected to change dramatically in the current year, with South Africa poised to emerge as the second-largest supplier in view of the changing international trading environment,...
21st May 2013
 
 
SOLAR POWER

Anglo to build R5m solar PV system at Kriel colliery

0 COMMENTS
Mining major Anglo American has awarded SolarPower Africa the contract to build a 240 kWp grid-connected, ground-mounted photovoltaic (PV) system to provide electricity to the central administration offices at the Kriel Colliery, in Mpumalanga....
20th May 2013
 
 
COAL

Waterberg ordered to issue supplementary bidder’s statement in Firestone takeover

0 COMMENTS
The Australian Takeovers Panel has declared the Waterberg Coal Company’s statements in relation to its hostile takeover offer for Firestone Energy as being deficient and ordered the company to dispatch a supplementary bidder’s statement. This...
20th May 2013
 
 
LEGISLATIVE ENVIRONMENT

Zimbabwe mining chamber criticises minerals proposals

0 COMMENTS
Zimbabwe's mining chamber said tighter proposed State control over the sale of minerals would hit Anglo American Platinum and Impala Platinum Holdings, slow down foreign investment and stunt growth in the industry. Zimbabwe's Mines Ministry in...
20th May 2013
 
 
OIL & GAS

Labat Africa moves into Namibia oil and gas

0 COMMENTS
JSE-listed Labat Africa on Monday said it aimed to invest in five oil and gas leases in Namibia. Labat Africa had executed a letter of intent with Amicitia Holdings to purchase all the issued shares in Palatina Petroleum, thereby acquiring a...
20th May 2013
 
 
GOLD

Randgold secures ‘attractive’ $200m revolving loan

0 COMMENTS
London- and Nasdaq-listed Randgold Resources has entered into an unsecured $200-million revolving credit facility with bankers HSBC, Barclays, Citibank and Standard Chartered, for “general corporate purposes”. HSBC acted as the sole bookrunner...
20th May 2013
 
 
WAGE TALKS

NUM seeks up to 60% wage hike from SA gold producers

0 COMMENTS
South Africa’s Chamber of Mines (CoM) on Monday confirmed the reciept of proposels by the the National Union of Mineworkers (NUM) regarding the revision of wages and conditions of employment of gold mining companies represented by the Chamber....
20th May 2013
 
 
WAGE NEGOTIATIONS

South African mines cannot afford pay rises - Impala

0 COMMENTS
South Africa's mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, so it may well face fresh strikes, Impala Platinum said on Friday. South African mining companies are due...
20th May 2013
 
 
COAL

ZYL shifts focus to mineable assets as it plots future

0 COMMENTS
South Africa-focused coal explorer and developer ZYL said on Monday it would would launch a review of all its assets as it moved to progress to a company with operational mines. Non-executive chairperson Yuzheng Xie told shareholders on Monday...
20th May 2013
 
 
LABOUR

Lonmin accelerates union recognition process to ease Marikana tensions

0 COMMENTS
Platinum producer Lonmin , which on Friday welcomed the return to work of its employees following a two-day unprotected strike this week, said that it would accelerate certain aspects of the union membership recognition process at Marikana to ease...
17th May 2013
 
 
PEOPLE

Infrasors CEO Robinson steps down

0 COMMENTS
JSE-listed Infrasors Holdings has announced the resignation of CEO Trevor Robinson, with effect from May 31.  Robinson headed up the South African resources company since September 27, 2009.
17th May 2013
 
 
BASE METALS

DRC sees copper concentrate ban in full force by July, August

0 COMMENTS
Democratic Republic of Congo (DRC) expects its ban on the export of copper and cobalt concentrates to come into full force by July or August, as it presses mining companies to process and refine the metals within its borders, the Mines Minister...
17th May 2013
 
 
 
 
 
 
Africa Multimedia
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AngloGold Ashanti to cut $500m costs, sell... Video
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IFC wants to get in early on... Audio