Van Rooyen takes up chair's seat at Banro

Democratic Republic of Congo- (DRC-) focused gold miner Banro Corp has appointed Bernard van Rooyen as chairperson, and said director Peter Ruxton would leave to pursue other interests. Simon Village had previously held both the CEO and the...

Booysendal platinum project, South Africa

Northam Platinum has reported that steady progress has been made at the Booysendal mine.

Limpopo mine, South Africa

An underground operation, situated in the Limpopo province.

Pine Pienaar quits as Bauba Platinum CEO

Pine Pienaar has resigned as the CEO of Bauba Platinum, which asked for a voluntary suspension of trading in its shares on the JSE on Tuesday. Pienaar, who headed Mvelaphanda Resources before he moved to Bauba, resigned as a director and as CEO...

Platinum investor Afripalm receives R1,3bn boost

Black-owned platinum investor Afripalm Resources has received R1,3-billion in refinancing from Nedbank Capital and Anglo Platinum. Headed by chairperson Lazarus Zim, Afripalm has a 21% stake in JSE-listed Mvelaphanda Resources.

Bauba Platinum to raise R45m for more exploration

New platinum junior Bauba intends raising R45-million in equity capital by the end of this year or in the first quarter of 2011 to allow for additional exploration drilling to take the inferred resource up the value curve and towards a bankable...

Khumama arbitration to run into November – Mvela

The arbitration process between JSE-listed Mvelaphanda Resources and former shareholders of Khumama Platinum over a contractual dispute, would now continue to November. In May, the group said that it was confident that it could complete its...

Mvela says Khumama arbitration to run into late July

SE-listed Mvelaphanda Resources said on Tuesday that it remained confident that its unbundling would be completed before the end of the 2010 calendar year, despite an arbitration hearing now running into July. Arbitration to resolve a dispute...

Absolute to change name to Bauba Platinum

JSE-listed Absolute Holdings has concluded a binding agreement to buy an effective 60% stake in the Bauba platinum project, in Limpopo province, and said that it plans to change its name to Bauba Platinum. Absolute would pay R340,6-million for...

Mvela sells Northam stake to ENRC for R2,2bn

JSE-listed Mvelaphanda Resources announced on Monday that it would sell 12,2% of its holding in platinum-miner Northam Platinum to the global diversified mining group Eurasian Natural Resources Corporation (ENRC). The South African black...

BEE transactions recessed, deals still being pursued

With the implementation of the Mineral and Petroleum Resources Development Act (MPRDA) 28 of 2002, the main driver of black economic empowerment (BEE) in mining, the ownership of mining assets on paper has changed fundamentally.

Khumama arbitration set to delay Mvela's unbundling

The arbitration to resolve the long-standing contractual dispute between JSE-listed Mvelaphanda Resources and its former shareholder Khumama Platinum is expected to delay the Mvela unbundling process, the company said on Tuesday. Mvela said that...