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

Company Announcement: ZYL appoints new directors

Perth-based emerging metallurgical coal producer, ZYL Limited has appointed two South African-based Executive Directors.

Chinese complete deal to buy AGC’s 17.6% Gold One stake

The Chinese consortium buying a 17.64% stake in Gold One has completed the transaction, the South African gold miner reported on Friday. China’s Baiyin Nonferrous Group bought Navada Trading subsidiary African Global Capital’s (AGC’s)...

Simmers appoints Macquarie's Saaiman as CFO

Gold and uranium producer Simmers & Jack announced on Tuesday that Marius Saaiman would replace Robert Cowley as its CFO from July 1. Saaiman joins Simmers from Macquarie First South Advisors where he fulfilled the role of resources mergers and...

Coal of Africa executes empowerment agreement

Coal development company Coal of Africa Limited (CoAL) on Friday announced that it had now executed formal agreements with its broad-based black economic-empowerment (BBBEE) partner, Firefly Investments 163, in relation to its efforts to comply...

CoAL extends empowerment deal to Sept

Coal development company Coal of Africa Limited (CoAL) has again extended its black economic-empowerment (BEE) agreement, this time to September, it announced on Monday. The company said that Coal Investments Limited (CIL), African Global Capital...

CoAL extends empowerment agreement

Coal development company Coal of Africa Limited (CoAL), and its black economic-empowerment (BEE) partners have extended their BEE agreement to April 30. The company said on Monday that Coal Investments Limited (CIL), African Global Capital (AGC)...

Uranium One still looking to sell remaining Aflease stake

Nuclear fuel miner Uranium One would still sell its remaining stake in Aflease Gold, the JSE- and TSX-listed gold junior, and CEO Jean Nortier said that it was looking at “a number of options” regarding this. He declined to comment whether...

CoAL completes first tranche of BEE deal share placement

JSE-listed coal development company Coal of Africa (CoAL) has completed the first tranche of the placement to Coal Investments, an investment fund owned by Och-Ziff, to raise £33,15-million, it said on Thursday. The company placed...

CoAL announces empowerment deal with Mvela-linked private equity firm

Coal development company Coal of Africa Limited (CoAL) said on Friday that it had secured empowerment status, after reaching an agreement whereby Coal Investments Limited (CIL), African Global Capital (AGC) and affiliates would hold more than 26%...

Former Angloplat chief joins Sexwale-linked investment firm

Former Anglo American Platinum chief Barry Davison will become deputy chairperson of Africa Management UK, a company linked to South African business tycoon Tokyo Sexwale's Mvelaphanda Holdings. Davison, who was the world's largest...

Uranium One may sell Australian mine

Uranium producer Uranium One is “evaluating strategic alternatives” for its Honeymoon project, in Australia, and will suspend development of the operation until it has completed its review, which would include talking to possible...