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Harmony interim FD Abbott to retire

South African gold producer Harmony Gold has appointed Hannes Meyer as its financial director, effective from August 1. Meyer’s appointment follows Harmony’s interim financial director Frank Abbott giving notice of his early retirement. Abbott...
24th July 2009

Arm/Vale lock arms in Africa, Teal to delist

South Africa’s African Rainbow Minerals (Arm) has secured its deal with the huge Vale of Brazil to work together in Africa and Arm’s former African exploration company, Teal, is to delist. Arm on Wednesday announced the completion of the...
25th March 2009

Teal gets R385m help from Arm, may need to raise more

Teal Exploration & Mining has fully utilised an unsecured $85-million loan facility guaranteed by majority shareholder African Rainbow Minerals (Arm), and remains “dependent” on the diversified miner for continued support, the company said on...
6th February 2009

Teal shareholders will vote Feb 13 on Arm deal

Teal Exploration & Mining has scheduled a special meeting on February 13, for shareholders to consider and approve the transaction announced on December 15 by African Rainbow Minerals (Arm) and Companhia Vale do Rio Doce. Arm, which owns 65% of...
2nd January 2009

Arm to buy out Teal minorities, forms JV with Brazil's Vale

JSE-listed diversified miner African Rainbow Minerals (Arm) plans to buy the shares in Teal Exploration & Mining that it doesn't already own and delist the company from the TSX and JSE, the firm announced on Tuesday. Arm has then agreed to form a...
16th December 2008

African Rainbow Minerals to spend R12bn in next four years, says Patrice Motsepe

Diversified black-controlled mining company African Rainbow Minerals (ARM) will be investing R12-billion in projects in the next four years. Executive chairperson and founder Patrice Motsepe said the R12-billion expenditure between 2008 and 2011...
12th September 2008

ARM considering ‘a number of platinum opportunities’ in Zimbabwe – CEO

Diversified mining company African Rainbow Minerals (ARM) was considering “a number of platinum opportunities” in Zimbabwe, where it had registered a company, ARM CEO André Wilkens said on Monday. Wilkens spoke after ARM executive chairperson...
1st September 2008

Teal reports encouraging results from DRC copper prospect

TSX- and JSE-listed Teal Exploration & Mining on Friday published additional high-grade drilling intersections from its Lupoto copper prospect, in the Democratic Republic of Congo (DRC).
30th May 2008

Teal chief Menell to retire

TSX- and JSE-listed Teal Exploration & Mining announced on Tuesday that president and CEO Rick Menell would step down immediately, handing the reins to CFO Hannes Meyer, who would assume the role of acting CEO. Menell, who had led the company...
13th May 2008

More drilling due for Konkola North

African focused mining company, Teal Exploration and Mining, announced that the company is set to continue drilling at its Konkola North Area A project, in Konkola Zambia.
18th April 2008

We aim to be twice the size by 2010, says Arm CEO Wilkens

Diversified South African miner African Rainbow Minerals (Arm) CEO Andre Wilkens said at the company’s 2007 interim results presentation that, “the company has scope on its balance sheet to grow and move forward into developing more...
29th February 2008

Teal gets notification from DRC review

Exploration and development miner Teal, on Tuesday said it had received written notification from the Minister of Mines of the Democratic Republic of the Congo (DRC), informing the company of the outcome of that country's mining contracts...
27th February 2008
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