Posts by Mining MX:

CoAL takes broom to board, raises $44.8m

COAL of Africa (CoAL), the embattled coal exploration and production company, continued its efforts to shore up its balance sheet issuing $44.8m in shares, and said it had revamped its board announcing the appointment of former Impala Platinum (Implats) CEO, David Brown, as its chairperson.
Mining MX | August 6, 2012 | 8:45 pm

Gold One takeover deal in home stretch

Gold One International shareholders who choose to cash in on a takeover offer from a Chinese consortium would bag their returns before Christmas, after the offer on Monday became unconditional.
Mining MX | November 28, 2011 | 7:53 pm

Ghana budgets for mining tax hike

Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament on Wednesday. The corporate tax rate on miners will increase to 35% from 25% and a separate 10% tax on windfall profits will be introduced, according to the text.
Mining MX | November 17, 2011 | 5:51 pm

Harmony in no hurry on Evander unbundling

HARMONY Gold said on Monday a decision on a proposed separate listing for the companys Evander operations would be made within two years, as it was considering all sorts of options to make the most of the assets potential wealth. CEO Graham Briggs...
Mining MX | October 31, 2011 | 1:10 pm

Harmony Gold Q1 jumps three-fold

HARMONY Gold posted a more than three-fold increase in quarterly earnings on Monday, beating expectations on bullion's record run. The average price in the July-September quarter was up about 13% from the previous quarter, at just over $1,700 an...
Mining MX | October 31, 2011 | 1:10 pm

Sata’s shake-up ‘for the better’

THE controversial steps taken by Zambia's new President Michael Sata in that country's mining industry is aimed at bringing partnerships and inclusivity into the industry, said Arshad Dudhia, one of the Zambia's leading lawyers. Dudhia was ...
Mining MX | October 23, 2011 | 3:57 pm

Gold Fields Q3 production up 3 pct

Gold Fields posted a 3% rise in third quarter gold production on Wednesday, as the world's fourth-largest gold miner overcame a strike that halted output for five days in July.
Mining MX | October 19, 2011 | 10:13 pm

Zim miners forced to build own power

A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated R36m power line, a newspaper reported Sunday.
Mining MX | September 11, 2011 | 2:11 pm

CRG may be forced to close mine

[miningmx.com] -- CENTRAL Rand Gold (CRG) may have to close its mine as early as next week after a government order, the Sunday Times reported, citing Bheki Khumalo, spokesman for the Department of Mineral Resources. CRG, in which
Mining MX | September 4, 2011 | 4:34 pm

Platmin faces production delays

[miningmx.com] -- THE riots that took place at platinum junior Platmin on June 23 could delay the projected ramp-up to full production from the Pilanesberg Platinum mine (PPM) by three to six months. Previous guidance from Platmin CEO Tom Dale was that
Mining MX | August 15, 2011 | 2:21 pm