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Loss-making Metmar cold-shoulders mining, returns to trading roots

By: Martin Creamer A R65-million operating loss in the 12 months to February 28 has prompted JSE-listed Metmar to cold-shoulder mining and re-embrace metals trading base on which the company was founded. “Our focus going forward is on the trading business and not on mining business,” Metmar CE David Ellwood said... 

Young Fraser Alexander was in on Wits gold discovery, book reveals

By: Martin Creamer As a 21-year-old, Fraser Alexander – who 100 years ago founded the company that still bears his name – was integral to the development of Witwatersrand gold mining in 1886, personally shovelling the first 20 t of ore that proved up the viability of the Main Reef, the author of a just-published... 

A century of service to South African mining

By: Janice Healing Longevity in the South African mining services arena requires agility and a deep understanding of the needs of customers, two attributes which Fraser Alexander has in abundance as it this year celebrates its centenary. A quote from the well-respected Arrie De Geus’s research, The Living Company,... 

Metmar brings in new partners, to acquire stake in anthracite project

By: Natasha Odendaal JSE-listed Metmar on Thursday entered into a heads of agreement with a consortium of investors interested in buying a 25% stake in Metmar Limited and a 25% shareholding in Metmar Investments and Resources (MIR), while MIR would acquire 55% of a strategic anthracite development asset. The... 

Mike Teke

By: Martin Creamer Position: CEO, Optimum Coal Holdings (OCH) Main activity of the company: Coal Mining and Exploration Date and place of birth: 15 August 1964, Springs (KwaThema) 

Optimum Coal plans listing as it concludes agreement to buy BHP's colliery 

By: Christy van der Merwe Black-owned coal mining and exploration group Optimum Coal Holdings said on Wednesday that it had concluded an agreement to acquire the Optimum Colliery and associated assets from BHP Billiton Energy Coal SA (Becsa). The only outstanding conditions to be met included obtaining Optimum's... 

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