Penumbra coal project, South Africa

Continental Coal has provided an update on the decline development activities at Penumbra for the month of April.

Tharisa chromite and platinum expansion project, South Africa

Tharisa Minerals has secured a R1-billion debt facility for the expansion of its platinum-group metals and chrome mine.

Tharisa secures R1bn loan for PGMs, chrome expansion

Tharisa Mining said on Wednesday it had secured a R1-billion debt facility for the expansion of its platinum group metals (PGMs) and chrome mine near Rustenburg. The company, chaired by Loucas Pouroulis, plans to increase the capacity of its...

Company Announcement: Tharisa Minerals Secures ZAR1 Billion Senior Secured Loan For The Expansion Of Its PGM And Chrome Mine And Processing Facilities

Tharisa Minerals (Pty) Ltd is pleased to announce that it has secured a ZAR1 billion syndicated senior secured debt financing facility.

SA power constraint an ‘underappreciated’ growth threat

South Africa’s power supply constraint has the potential to act as a “hand brake” on the country’s gross domestic product (GDP) growth outlook and is an “underappreciated” downside risk, a domestic banking group has warned. In fact,...

$35m, seven-year project loan facility to fund the Penumbra

Africa-focused coal mining investment and production company Continental Coal Limited (CCL) has confirmed that its South African subsidiary has executed binding loan documentation with Absa Capital, a division of financial services group Absa Bank...

Frischgewaagd-Ledig platinum project, South Africa

The development activities aimed at transforming the Frischgewaag-Ledig project into the next major platinum-group metals mine are under way.

Penumbra coal project, South Africa

Continental Coal has started blasting activities to construct the twin decline development at the Penumbra mine.

Company Announcement: Export Operations Continue to Exceed and Corporate Update

Focused coal mining investment and production company Continental Coal Limited (“Continental” or the “Company”) is pleased to provide an update to shareholders on the continued strong performance of export focused thermal coal mining...

Merafe says FY profit to fall

South African ferrochrome producer Merafe Resources is set to report lower profit when it publishes its 2011 financial results on March 6. The company, which operates in a joint venture (JV) with Xstrata, said on Wednesday its headline earnings a...

Mining, manufacturing to remain a drag on SA’s growth in 2012

The contribution of South Africa’s mining and manufacturing sectors is likely to remain weak in 2012, Absa Capital argued in its latest quarterly economic outlook, in which the bank also cut it growth outlook for next year from 3.6% to just...

Company Announcement: Prioritising Project Development, Board Changes Announced

ZYL Limited, the Perth-based emerging coal producer with two key projects in South Africa, is pleased to announce plans to fast-track development of its recently acquired Mbila anthracite project in South Africa’s Kwa-Zulu Natal province