Troubled CRG sets Oct deadline for reassessment of prospects

JOHANNESBURG (miningweekly.com) − Troubled gold junior Central Rand Gold (CRG) indicated on Friday that it would reassess its prospects by the end of October, a review that would include the possibility of further funding and/or corporate...

Central Rand Gold raises £3,7m to complete trial mining

Gold junior Central Rand Gold (CRG) on Friday undertook a share placement to raise £3,7-million, which would be used as working capital to complete trial mining at its Witwatersrand tenements. The JSE- and LSE-listed company had placed about...

Khotso Mokhele elected Implats chair ‘with immediate effect'

The world's second-largest platinum company, Impala Platinum, on Wednesday reaffirmed the election of Dr Khotso Mokhele as chairperson of the board of directors, "with immediate effect". Implats said that former nonexecutive director Mokhele...

Shock ousting of leading corporate mining personalities

October 22 will go down in South Africa’s corporate history as a day of high drama when a chairperson was sacked twice on the same day and when a layer of top management was unceremoniously stripped out of one of the world’s biggest mining...

Implats offers Khotso Mokhele the chair

South Africa's second-largest platinum miner, Implats, on Thursday offered the position of chairperson of the board to incumbent non-executive director Dr Khotso Mokhele. The overture to Mokhele follows the acrimonious sacking of Dr Fred Roux....

Implats, Sallies sack Roux, Anglo ousts Cockerill in day of high drama

In a day of high corporate drama, Impala Platinum (Implats) chairperson Fred Roux was on Thursday acrimoniously sacked by Implats and, later in the day, also removed as chairperson of fluorspar miner Sallies – and Xstrata-pursued Anglo American...

Central Rand formally appoints former Implats boss

Gold explorer Central Rand (CRG) on Wednesday announced the formal appointment of Michael McMahon, former Impala Platinum CEO and chairperson, as a nonexecutive director. The company also appointed him to the technical, health, safety and...

Former Implats boss joins Central Rand Gold

Central Rand Gold (CRG), a company that plans to mine old areas around Johannesburg, has appointed former Impala Platinum (Implats) CEO and chairperson, Michael McMahon, as nonexecutive director, it said on Monday. His appointment is subject to...

Gencor unbundling expected only after Aug

South Africa’s Impala Platinum said it would seek shareholder approval for a general share buyback as the sale of a major shareholder’s stake in the world’s second-largest producer appeared imminent.

Gold major says industry needs $350/oz price

Lawyers representing South African miners suffering from asbestos-related diseases vowed to stop a major mining share sale in a bid to pursue claims against South African holding company Gencor.

New chairperson for Platinum No 2

Long-serving board member Peter Joubert has been appointed non-executive chairperson of Impala Platinum with immediate effect.

Rumble in platinum jungle

The board of Impala Platinum Holdings (Implats) has announced the appointment of Keith Rumble as CEO and MD of Implats.