Company Announcement: Miranda Annual Report Released

Johannesburg, 29 February 2012: Miranda Mineral Holdings, the South African mineral exploration, mining development and investment holding company, today posted its 2011 Integrated Report to shareholders. In his statement to shareholders, the...

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 share capital increase, rights plan interdicted

JSE-listed Miranda Mineral Holdings was on Tuesday interdicted and restrained by the North Gauteng High Court from moving forward with its proposed increase in authorised share capital and rights issue, pending a hearing and final adjudication of...

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...

Miranda to oppose business rescue application

The board of JSE-listed Miranda Minerals said on Tuesday it would oppose an application to be lodged in the North Gauteng High Court of Pretoria necessitating the supervision and the start of business rescue proceedings for the coal junior....

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 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.

Miranda gets ready to start coal mining in KZN

South African coal junior Miranda Minerals said that its Sesikhona colliery, in KwaZulu-Natal, had received the machinery required for production to start. CEO Ron Nel noted in a monthly newsletter to shareholders that mining contractor,...

Gold investment demand to continue - Murenbeeld, Miranda to list South African coal assets in Australia, African Eagle to develop JV gold mine in Tanzania

The growth in investment demand for gold is still in its "early days", and the price of the precious metal is not in a bubble, Dundee Wealth economist Martin Murenbeeld has delegates at the Canadian Institute of Mining, Metallurgy and Petroleum...