New R1,2bn manganese boost for N Cape

South African Mining Minister Susan Shabangu on Tuesday opened the new R1,2-billion Russian-backed black-controlled United Manganese of Kalahari (UMK) manganese operation in the Northern Cape. Shabangu said the operation emphasised the strong...

Wescoal targets R1bn market cap as it moves to JSE main board

Now that junior miner Wescoal has moved its listing from the AltX to the main board of the JSE, it has set itself a target to grow its market capitalisation to R1-billion. Speaking at the transfer of its listing to the main board on Thursday,...

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...

Ramaite quits Mvela Resources board

Empowered mining firm Mvela Resources announced on Thursday that Muthanyi Robinson Ramaite had resigned as a nonexecutive director, effective from Thursday.

BEE-led board shuffle

JSE Securities Exchange listed diamond-miner Afgem has restructured the company board following its June empowerment deal with Simeka Mining.

Mvela announces new executive

Empowered South African miner Mvelaphanda Resources (Mvela), announced yesterday that Nthobi Angel has been appointed CE of the company with effect from February 16, 2004.

Mvela, Northam strike Booysendal deal

Empowered South African mining company Mvelaphanda Resources (Mvela) and Northam Platinum (Northam) announced yesterday that agreement has been reached on Northam’s acquisition of Mvela’s Khumama interest in the Booysendal Platinum...

AngloPlat announces new East Limb BEE deal

The world’s biggest platinum producer, Anglo American Platinum, yesterday announced that it has agreed, in principle, to establish a 50:50 joint venture with Khumama Platinum to develop the Booysendal platinum project on the East Limb of the...