Adaro eyes $291 million from unit IPO to spin off coal arm
Adaro is spinning off the coal mining unit valued at $2.45 billion to focus on developing cleaner energy, with an aluminum smelter being built in Kalimantan.
A blasting incident on Thursday at 12:30 p.m. at Gold One International’s Cooke 4 Operation on the West Rand of Johannesburg fatally injured a worker.
Blasting operations have been suspended. Cooke 4 Operations are being investigated by the South African Department of Mineral Resources.
The Cooke 1, 2 and 3 underground operations were acquired by Gold One International in 2012. The Cooke surface assets (Randfontein Surface Operations) are located in the West Rand, 30 kilometres from Johannesburg.
Gold One International Limited is a dual listed (ASX/JSE: GDO) mid-tier mining group with gold operations and gold and uranium prospects across Southern Africa.
