Mvela proceeds with unbundling as it wins Khumama arbitration

JSE-listed Mvela Resources’ share price rose more than 7% on Friday, after it announced that the arbitration to resolve a long-standing contractual dispute with its former shareholder, Khumama Platinum, went its way. Commercial manager James...

Northam's Booysendal project set for modular lift-off

The new Northam Platinum now consists of a combination of the steady-state Zondereinde platinum mine and the greenfield Booysendal project. Zondereinde still has a couple of decades of mining ahead of it, and just the first slice of the massive...

Northam’s Booysendal platinum project all set for modular lift-off

The new Northam Platinum now consists of a combination of the steady-state Zondereinde platinum mine, and the greenfield Booysendal project.

Northam poised for biggest platinum growth spurt – Wellsted

The one-time Cinderella of South Africa's array of top-notch platinum-mining companies - the JSE-listed Northam - on Thursday put itself in pole position for the greatest spurt of platinum growth by giving the thumbs up to a phased exploitation of...

Mvela Resources not interested in acquiring Incwala

Black economic empowerment (BEE) resources firm Mvelaphanda Resources (Mvela) on Friday refuted claims that it was interested in acquiring control of platinum producer Lonmin’s black empowerment partner, Incwala. Mvela said in a statement that...

En bloc Gold Fields' shares sale okay at right price – Mvela

The black economically empowered Mvelaphanda Resources (Mvela) would sell its 39-million Gold Fields shares en bloc provided the price matched the value that the unbundling company envisaged realising from the stake, Mvela executive manager:...

Deep, hot Northam Platinum stays in the money, despite tough economic conditions

Many thought that the current tough economic recession would, once and for all, plunge Northam Platinum, for long considered the runt of South Africa’s platinum litter, into a loss.

Northam has not only had to live with being one-trick pony...

Debt-free, cash-flush Northam Platinum acquirer or takeover target - analyst

Debt-free, cash-positive but underrated Northam Platinum could return to being a platinum-industry takeover target, as it was before the global economic meltdown, or it could consider using its nigh-R1-billion in cash to acquire juniors and become...

Daily podcast – June 5, 2009

In today's podcast: Rio Tinto and BHP Billiton announce that they will combine their major Australian iron ore operations; and Mvelaphanda Resources will delist from the JSE in early 2010.

Buy or unbundle vote will be put to shareholders – Mvela

The shareholders would decide whether the JSE-listed Mvela Resources bought mining assets on offer or unbundled, Mvela executive manager: commercial James Wellsted confirmed to Mining Weekly Online in a clarification statement on Thursday.

Mvela Resources in discussion to buy assets in possible equity deal

The JSE-listed black-controlled resources company Mvela is in discussion with an unnamed South African group to buy its assets in a possible equity transaction, Mvela executive manager: commercial James Wellsted confirmed to Mining Weekly Online...

Gold Fields shares sell like hot cakes, Mvela halves debt

Eleven million Gold Fields’ gold shares have sold like hot cakes, halving the debt obligation of Tokyo Sexwale’s Mvela Resources. Mvela, which received 50-million Gold Fields shares on March 17, still has 39-million shares and another 11...