Southern Africa’s coking coal could rival Australia’s – CoAL

Southern Africa’s treasure chest of scarce coking coal could rival that of Australia’s rich endowment.

Afferro in talks with potential partners over funding, offtake

Afferro Mining, searching for iron in Cameroon and Liberia, plans to raise £15.5-million in a share sale to fund the development of its Nkout and Putu projects. Evolution Securities and RBC Capital Markets will act as the joint lead bookrunners,...

Lonmin shares rise as worst seems over for platinum miner

The shares of Lonmin rose 7% in Johannesburg and London as the market perceived the worst to be over for the right-sizing platinum miner, whose promised actions were largely on track. "We announced 700 000 oz and produced 683 000 oz. We were a...

Central Rand Gold pours gold from CIL plant

London- and Johannesburg-listed junior Central Rand Gold has smelted and poured its first gold bar from the carbon-in-leach (CIL) concentrate treatment plant, at its Consolidated Main Reef tenement. The CIL plant, capable of treating 10 000 t/m...

Anglo-suitor Xstrata puts its best production foot forward

Anglo American-suitor Xstrata on Tuesday put its best production foot forward ahead of Anglo’s own presentation of financial results on Friday. The London- and Swiss-listed diversified miner, which wants Anglo to join it in a merger of equals...

Randgold selling 5m new shares, profit 45% up for quarter

South Africa-conceived and London-listed Randgold Resources said on Tuesday that it was commencing a global offering of five-million new ordinary shares and reported a 45% rise in profits for the quarter to June 30. The Randgold share-offer...