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Turnaround under way for Miranda Mineral Holdings

By: Marleny Arnoldi     10th July 2018 JSE-listed Miranda Mineral Holdings narrowed its headline loss a share for the year ended August 31, 2017, by 76% to 1.26c, compared with 5.34c in August 2013.  

Miranda Mineral Holdings to sell noncore Sesikhona Klipbrand colliery

By: Megan van Wyngaardt     25th May 2017 JSE-listed Miranda Mineral Holdings, together with its wholly-owned subsidiary Miranda Coal, will sell its 73% shareholding in Sesikhona Klipbrand colliery, in KwaZulu-Natal, to Osho SA Coal for R5-million, payable in two tranches. The parties are currently involved in litigation arising from the... 

High Court sanctions settlement between Miranda, creditors

By: Megan van Wyngaardt     4th February 2015 Troubled coal miner Miranda Mineral Holdings on Wednesday said it had received an order from the  Pretoria High Court, sanctioning the settlement entered into between the company and its creditors. In October last year, the company held a meeting in Pretoria to inform its creditors that it would... 

Broke Miranda coal junior shuts up shop, can’t meet obligations, suspends shares 

By: Martin Creamer     23rd September 2014 The board of JSE-listed Miranda Minerals has requested the Johannesburg Stock Exchange to suspend trade in its shares as the financially distressed coal exploration-and-development company has ceased doing business and can no longer meet its financial obligations. Miranda told shareholders on... 

Sentula terminates Benicon Coal sale

By: Natasha Odendaal     12th September 2014 JSE-listed Sentula Mining has withdrawn its cautionary after discussions for alternative options for the disposal of its Witbank-based Benicon Coal asset were unsuccessful. This followed the lapse in the sale agreement to Miranda Mineral Holdings after certain conditions were not met in time. 

Sentula’s Benicon Coal disposal terminated, chairperson resigns

By: Natasha Odendaal     1st August 2014 The sale of Sentula Mining subsidiary Benicon Coal to Miranda Mineral Holdings has fallen through after certain conditions were not met in time. Sentula on Friday announced that it remained committed to shedding the asset and had entered into discussions with undisclosed parties after the... 

Conditions of Miranda Nkomati acquisition still being discussed

By: Leandi Kolver     25th June 2014 Some of the conditions precedent relating to exploration company Miranda Mineral Holdings’ 30% acquisition of the Nkomati anthracite mine, in Mpumalanga, are still being discussed by the relevant parties, Miranda said on Wednesday. Through the proposed transaction Miranda would acquire an... 

Miranda On Track To Become Coal Producer

4th March 2014 Miranda Mineral Holdings, in conjunction with Mochiba Investments Proprietary Limited, is pleased to announce the finalisation of the purchase of a 60% interest in Nkomati Anthracite Mine, which is located in Mpumalanga, from Sentula Mining Limited, for a total consideration of R150 million.... 

Miranda acquires 50% participation in Benicon Coal

By: Leandi Kolver     3rd March 2014 JSE-listed Miranda Mineral Holdings on Monday announced that it had, in conjunction with black women-owned Mochiba, acquired 100% of the issued share capital of Sentula Mining subsidiary Benicon Coal. Following the acquisition, Miranda and Mochiba each held 50% of Benicon. 

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