Company Announcement: Prioritising Project Development, Board Changes Announced

ZYL Limited, the Perth-based emerging coal producer with two key projects in South Africa, is pleased to announce plans to fast-track development of its recently acquired Mbila anthracite project in South Africa’s Kwa-Zulu Natal province

Company Announcement: Weir Minerals Africa takes honours in Gauteng exporter awards

Weir Minerals Africa, which exports a premium range of slurry pumps, dewatering pumps, hydrocyclones, slurry valves, mill liners and high pressure grinding rolls across the African continent, was named as the overall winner of the prestigious...

Optimum Coal secures R2.2bn loan facility

JSE-listed Optimum Coal said on Wednesday that a new R2.2-billion debt facility would enable the company to fund near-term capital and growth commitments. The company entered into the revolving credit facility with a consortium of lenders...

Company Announcement: ZYL appoints new directors

Perth-based emerging metallurgical coal producer, ZYL Limited has appointed two South African-based Executive Directors.

Company Announcement: Rand Merchant Bank Launches Coal Exchange-Traded Note

Attached please find a press release on: Rand Merchant Bank (RMB) has launched its second commodity Exchange-Traded Note (ETN), the RMB Coal ETN, which is listing on the JSE Limited on 5 May 2011. This follows the success of the RMB Oil ETN,...

Eskom's R12bn global bond debut dubbed 'competitive'

State-owned power utility Eskom described its oversubscribed ten-year, $1,75-billion (R12,25-billion) global bond issuance – the group’s first-ever dollar-denominated note, which is being supported by some of the world’s leading global...

Simmers announces $20m forward gold sale agreement

South African miner Simmer & Jack Mines (Simmers) has entered into a $20-million forward gold sale with global financial services provider Deutsche Bank. The gold miner will deliver 2 030 oz/m of gold to the financial services provider over a...

Petra concludes $83,5m IFC, RMB debt facilities

JSE- and Aim-listed Petra Diamonds has concluded debt facilities worth $83,5-million with the International Finance Corporation (IFC) and Rand Merchant Bank (RMB), it said on Thursday. The company initially announced its intention to secure debt...

Petra signs $78m loan agreements with RMB and IFC

JSE- and Aim-listed Petra Diamonds' on Wednesday inked final loan agreements with Rand Merchant Bank (RMB) and the World Bank's International Finance Corporation (IFC) to secure new debt facilities of $78-million. The company said in a statement...

Empowered Royal Bafokeng platinum heads for JSE

New black-controlled platinum-mining company Royal Bafokeng Platinum (RBPlat) on Monday announced its intention to list on the JSE in the last quarter of 2010. A Royal Bafokeng Holdings (RBH) subsidiary, RBPlat holds 67% of the operating Bafokeng...

Petra Diamonds on track to double production to 2,5m carats 2014

Expansion plans were on track for Petra Diamonds to more than double production to more than 2,5-million carats by financial year (FY) 2014 and more than triple production by FY 2019, Petra CEO Johan Dippenaar said on Monday. The London...

Simmers settles R100m of RMB loan

JSE-listed Simmer & Jack Mines (Simmers) has settled a R100-million loan from Rand Merchant Bank (RMB), it reported on Tuesday. The gold and uranium miner settled the loan through a combination of JSE domestic medium-term notes and through the...