Call for clarity on State mining firm as conflict of interest concerns persist

Despite assurances from the Department of Mineral Resources (DMR) and State-owned mining company African Exploration, Mining and Finance Corporation (AEMFC) that AEMFC is operating without exemption or preference and under fair market rules,...

Call for clarity on setup of State mining company as conflict of interest concerns persist

Despite assurances from the Department of Mineral Resources (DMR) and the State-owned mining company the African Exploration, Mining and Development Corporation (AEMFC) that the AEMFC is operating without exemption or preference and under fair...

Homeland results reveal shaky footing

In finally releasing its 2009 annual results, TSX-listed coal junior Homeland Energy has shown it is on shaky financial ground, with a working capital deficit of C$22,3-million after defaulting on a Nedbank loan repayment. The company is now...

Clouds hang over Homeland Energy amid OSC orders

It has been a tough month for India’s GMR Group, the biggest shareholder in TSX-listed Homeland Energy, after its Indian Premier League team the Delhi Daredevils crashed out of the tournament and Indian officials initiated an investigation into...

Demand for PGMs to rise, prices steady

The short-term prospects for platinum-group metals (PGMs) were positive with demand set to increase and metal prices remaining steady, says Tom Kendall, a strategist in the precious metals division of Mitsubishi Corporation. The price of platinum...

Coal junior spends R60m to increase production to 200 000 t/m

South African black economically-empowered coal-miner Nucoal Mining increased the production capacity at its Woestalleen colliery, in Middelburg from 90 000 tons run-of-mine (ROM) to 200 000 tons a month, following the successful completion of a...