Anglo puts State back into steel, competitive bid for Ezulwini, CoAL beating odds at Vele

Diversified miner Anglo American has put the South African State back into steel making;TSX- and JSE-listed gold-and-uranium miner First Uranium is about to face minority shareholder resistance over its recent disposals; and Coal of Africa Limited...

Anglo American sells Scaw to IDC-led group in R3.4bn deal

Diversified miner Anglo American on Tuesday announced the final stage of the $1.4-billion Scaw Metals Group divestment with the sale of integrated steelmaker Scaw South Africa to an investment consortium led by South Africa’s State-owned...

Lace diamond project, South Africa

DiamondCorp has unveiled a revised mine development plan for the Lace project.

Sentula headline earnings flat, CEO sees volatile period ahead

JSE-listed mining services provider and coal miner Sentula Mining on Friday reported a R230-million loss for the half-year ended September 30, despite a 10% revenue increase to R1.35-billion. Headline earnings, which strip out certain one-off...

Barberton mine, South Africa

An underground mine, situated in Mpumalanga.

Optimum confirms unsolicited acquisition offer

South Africa’s sixth-largest coal producer Optimum Coal confirmed on Friday that it had received “unsolicited and nonbinding” expressions of interest from third parties to acquire a controlling interest in the company. But, the country’s...

Govt departments need to sing from same mining hymn sheet

After recent raids by environmental and water affairs officers on mines, there are claims that several mines have compliance issues, and not only those operations that came under the official spotlight, like coal miners Shanduka Resources’...

Workers benefitting from the Incwala BEE transaction

Over 26 000 employees would benefit from the sale of the Lonplats Employee Masakhane (LEM) Trust’s indirect shareholding in platinum miner Lonmin to Shanduka Resources, the LSE- and JSE-listed miner said on Friday. The qualifying members, who...

Lace diamond project, South Africa

DiamondCorp estimates that it will cost between R100-million and R126-million to bring the Lace diamond mine into full production.

Sentula’s own coal operations to chip in half of earnings – CEO

Half of the JSE-listed Sentula Mining’s future earnings will come from its own coal mining and marketing, Sentula CEO Robin Berry reports. Currently most of its revenue arises from coal-mining contracting services. Sentula’s revenue in the...

Old gold fundamentals are ‘passé’, Gold One bids for Rand Uranium, Sentula-Shanduka coal twinning

The old gold-price dynamics of “jewellery and Indian wedding seasons” are passé, forget about them, says Barrick founder Peter Munk; Gold One has made a binding $250-million cash offer for Rand Uranium;Cyril Ramaphosa’s Shanduka is buying...

R2,1bn Sentula-Shanduka deal to create midtier coal miner

Sentula Mining and Shanduka Resources have entered into a strategic merger agreement, through which Shanduka will control 51,9% of the new group for a total consideration of nearly R2,1-billion. The companies on Thursday reported the proposed...