Frischgewaagd-Ledig platinum project, South Africa

The development activities aimed at transforming the Frischgewaag-Ledig project into the next major platinum-group metals mine are under way.

Gold Fields has lower net debt, $1bn headroom – CFO

Gold Fields, which has a $1-billion financial headroom, boasts a net debt position that is lower than that of most gold majors, says Gold Fields CFO Paul Schmidt, who points out that Gold Fields ratio of net debt to earnings before interest, tax,...

Coal of Africa expects Vele mining right in early 2010

Emerging-miner Coal of Africa Limited (CoAL) was still awaiting the granting of mining rights for its 80%-owned Vele coking-coal project, on which it could spend up to R3,2-billion in capital expenditure. On Friday, the ASX-, Aim- and JSE-listed...

Kebble R1bn unlocked as JCI, R&E, 
Investec, Letšeng settle marathon dispute

It’s been an irritating marathon dispute in which minority shareholders of mining companies JCI and Randgold & Exploration (R&E) have had to be ultra patient as the bigger fish negotiated terms.

Rand Uranium defends underground food ban

South African miner Rand Uranium on Monday defended its decision to implement an underground food ban, saying the strategy had proved to be “very successful” in combating illegal mining at its operations. The company was responding to the...

Sandvik awarded R120m stacker, 
reclaimer contracts at Khumani

Bulk materials handling company Sandvik Materials Handling (SMH) has been awarded a further order worth R120-million as part of iron ore, chrome and manganese-miner Assmang Limited’s brownfield field expansion project after the commissioning and...

Great Basin will sell C$110m debentures for SA project

Great Basin Gold will sell C$110-million of senior unsecured convertible debentures for the development of its Burnstone project, in South Africa, the firm announced this week. Great Basin, which also has a gold project in Nevada, has been trying...

Offspring of South Africa’s iconic struggle veterans 
take to the gold stage

The offspring of the iconic Nelson Mandela and South African President Jacob Zuma have taken to the stage in South Africa’s ever-changing gold-mining industry.

Initiating a ‘new golden struggle’ is Nelson Mandela’s grandson, Zondwa...

Aurora destined to be major gold player – Zondwa Mandela

The soon-to-be-listed Aurora Empowerment Systems was destined to be a major gold player, Zondwa Mandela, Nelson Mandela's grandson, said on Wednesday as he clinched another significant gold acquisition and revealed, under questioning, that he had...

Now State-owned IDC takes steps to liquidate Pamodzi Gold Limited

South Africa's State-owned Industrial Development Corporation (IDC) on Thursday took the Pamodzi Gold liquidation case to a new level of intensity when it confirmed that it would be applying to the High Court for the liquidation of Pamodzi Gold...

Some Implats workers accept wage deal, return to work

The world’s second-largest platinum producer Impala Platinum (Implats) on Wednesday announced that some branches of the National Union of Mineworkers (NUM) had accepted its latest wage offer and had returned to work. This followed an ongoing...

Great Basin Gold secures Burnstone debt facility

Vancouver-based Great Basin Gold has obtained credit approval for a R850-million senior debt facility, plus R180-million in standby debt for potential overruns, for its Burnstone gold project, in South Africa, the firm announced on Monday. There...