Bauba resumes trading on the JSE, names acting CEO

Shares in platinum group metals development company Bauba Platinum resumed trading on the JSE on Tuesday, after it reached an agreement to raise R8-million in cash and secured a credit facility of R3-million. The cash investment would be made at...

Bauba Platinum to raise R45m for more exploration

New platinum junior Bauba intends raising R45-million in equity capital by the end of this year or in the first quarter of 2011 to allow for additional exploration drilling to take the inferred resource up the value curve and towards a bankable...

Bauba Platinum extends raising of less capital in weak market

The shareholders of the JSE-listed Bauba Platinum have agreed to the company - formerly Absolute Holdings - being given more time to raise a reduced R15-million amount owing to the current capital market weakness. Announcing the passing of all...

Ex-AngloGold exec to chair Bauba Platinum

SE-listed explorer and mining aspirant Bauba Platinum has proposed to appoint Jonathan Best, an ex-AngloGold Ashanti CFO, as its chairperson, it announced on Tuesday. Bauba Platinum, which is changing its name from Absolute Holdings following the...

Daily podcast – February 24, 2010

South Africa's Ddepartment of Mineral Resources completes an audit of the State's mining assets; and Goldplat expects to see increased revenues at its Ghanaian gold recovery business in future.

Jonathan Best is Sentula's new chair

Troubled JSE-listed coal-mining and coal-services company Sentula has appointed Jonathan Best as its chairperson. Sentula said on Tuesday that Jeff Van Rooyen, Pulane Kingston and Dawn Marole had tendered their resignations as non-executive...

Sam Jonah quits as Sentula chairperson

JSE-listed Sentula Mining chairperson Sir Sam Jonah will step down with immediate effect, the coal company announced on Wednesday. Jonah, who also resigned as chairperson of JSE-listed Andulela Investment Holdings, said that faced with more...

Sentula searching for missing R242m, institutes civil and criminal action

South African mining services and coal-mining company Sentula Mining has uncovered “irregular” activity involving the apparent misappropriation of R242-million. Forensic auditors have discovered “blatant overvaluation” of equipment, as...

Sentula searching for missing R242m, institutes civil and criminal action

South African mining services and coal-mining company Sentula Mining has uncovered “irregular” activity involving the apparent misappropriation of R242-million. Forensic auditors have discovered “blatant overvaluation” of equipment, as...

Former Sentula managers implicated in ‘irregular activities’

JSE-listed contract miner and coal producer Sentula on Monday announced that certain members of past management have been implicated in “irregular activities” associated with the accounting errors that the company made known in June....

R50m transaction procures opencast mine

Mining services company Scharrig Mining (Scharrig) announced last month the acquisition of hard rock open cast mining company CCT in a transaction worth R50 million.

New directors for Metallon Gold

South African Metallon Gold has announced new members to its board, which has been reconstituted prior to Metallon Gold's intended listing on the JSE.