Rozynenbosch setback weighs on Miranda net asset value

JSE-listed junior Miranda Minerals said the net asset value of its shares decreased significantly in the six months ended February, owing to the derecognition of group’s the Rozynenbosch asset. When compared with the previously interim results...

Miranda in tight financial position until first coal is delivered

The directors of JSE-listed exploration junior Miranda Minerals on Wednesday said despite concerns about the company’s ability to continue operating as a going concern, it was hoping to start producing coal from its Sesikhona reserve outside...

Miranda shares jump as JSE suspension is lifted

Shares in junior Miranda Minerals surged on Monday, after the JSE lifted a trading suspension and the company said it was confident it would be able to continue operations and pay its debts. Earlier this month, the coal explorer asked the...

Miranda chairperson, two more directors quit

Beleaguered exploration junior Miranda Minerals on Friday endured a further setback when chairperson Lulama Mokhobo and two nonexecutive directors Gilbert Phalafala and Moses Tshitangano resigned with immediate effect. Miranda CEO Andrew Johnson...

Miranda requests trading suspension

Embattled junior Miranda Minerals has requested the suspension of trading in its shares on the JSE, while the board considers its options. Earlier this week, the North Gauteng High Court interdicted Miranda from proceeding with a proposed...

Former CEO Nel suspended as Miranda director

JSE-listed Miranda Minerals announced on Monday that its former CEO Ron Nel had been suspended as a director, pending his permanent removal from the board. The board had been opposing Nel’s quest to put the company under a business rescue...

Miranda continues to oppose business rescue application – chair

The board of JSE-listed Miranda Minerals and two major shareholders, Global PS and Yakani, would continue to “vigorously” oppose an application to start a business rescue process, chairperson Lulama Mokhobo told Mining Weekly Online on...

Petmin to acquire stake in Turkey copper project

JSE- and Aim-listed Petmin on Monday said that it had entered into an earn-in agreement with TSX-listed base-metals junior Red Crescent Resources to gain access to its Sivas copper project in Turkey. The transaction would see Petmin invest an...

Poff takes over as Miranda CEO, Nel becomes deputy chair

JSE-listed Miranda Minerals has announced the appointment of nonexecutive director Glen Poff as CEO, to succeed Ron Nel, who is taking up the new position of deputy chairperson, with effect from Monday. Miranda reported that the management shift...

Production to start at Miranda KZN coal mine in Q2

Production at JSE-listed Miranda Minerals’ Sesikhona coal project, in KwaZulu-Natal, is expected to start by the second quarter of next year, with production to ramp up to 70 000 t/m of anthracite over a two to three-month period, CEO Ron Nel...

Miranda granted gold prospecting rights near Ventersdorp

JSE-listed Miranda Minerals on Friday announced that the Department of Mineral Resources (DMR) has granted its gold division prospecting rights for the Syferbult-Boons project, in South Africa’s North West province. The gold project is held by...

Miranda Minerals secures R98,2m investment from Dubai firm

JSE-listed Miranda Minerals has secured an investment of R98,2-million from a Dubai investment firm chaired by former Thailand Prime Minister Dr Thaksin Shinawatra.