Mining boom to boost Africa’s infrastructure programme and economy

The minerals exploration boom in Africa is expected to contribute significantly to the ambitious Programme for Infrastructure Development in Africa led by the African Union Commission (AUC), the New Partnership for African Development (Nepad) and...

Gold and nickel explorer Kibo Mining lists on AltX

Aim-listed exploration and development company Kibo Mining’s secondary listing on the AltX in Johannesburg would provide the company with an additional market through which it could fund the development of its projects, CEO Noel O’Keeffe said...

JSE expects more mining listings in 2011

The JSE is expecting an increase in listings this year, particularly in the mining sector, after ending a rather slow 2010 with 14 new listings. JSE director of issuer services John Burke told Mining Weekly Online on Tuesday that increased...

New benchmark of black owners, black managers, black workers

A new black economic empowerment benchmark has been set in the South African mining business with the creation of the Royal Bafokeng Platinum (RBPlat) mining company. This benchmark is made up of a combination of black ownership, black management...

Foreigners snap up Royal Bafokeng Platinum shares

Despite South Africa's mine nationalisation talk, the strong demand for Royal Bafokeng Platinum (RBPlat) shares from international investors shows continued confidence in South Africa as an investment destination. "What specifically made us very...

JSE confirms Galaxy Gold listing delayed on rights snag

The Johannesburg Stock Exchange confirmed on Tuesday that gold-mining junior Galaxy Gold's JSE listing has been delayed because the company does not have new-order mining rights. JSE executive Noah Greenhill told Mining Weekly Online that a...

JSE needs to advance from good to great

The good news is that several more South African mining companies are heading for listings on the JSE, but the more sober reality is that South Africa, as a whole, needs to play a far more effective collective role in advancing this country’s...

JSE needs to advance from good to great

The good news is that several more South African mining companies are heading for listings on the Johannesburg Stock Exchange (JSE), but the more sober reality is that South Africa as a whole needs to play a far more effective collective role in...

Resources Watch

This week: Optimum Coal lists on the JSE main board and targets stressed assets; the Canadian diamond bourse draws Chinese interest; and ArcelorMittal says that the Kumba Iron Ore dispute resolution process has begun.

R8bn Optimum Coal BEE lists, targets stressed assets, ramps up output

New black-owned and controlled coal mining and exploration group Optimum Coal listed in the general mining sector on the JSE's main board on Monday, opening with its first trade at R31,85 a share, slightly below the R32 a share placement price....

Nationalisation debate may hurt South Africa’s reputation

The nationalisation of the mines debate, which has become a hot topic in recent days, could have a negative impact on attracting foreign direct investment (FDI) into South Africa and raising capital on foreign markets for local mining projects.

Mine nationalisation debate about internal ANC tussles, not policy

Mine nationalisation in South Africa was not an imminent policy threat, nor even a fully fledged policy consideration. But the debate could be important in helping to shape the future leadership dynamics within the governing African National...