News

IGE Resources sacks CEO

Diamond and nickel miner, IGE Resources’ board of directors have decided to discharge CEO Thomas Carlsson from office with immediate effect. IGE has a resource base of more than 11 million carats of rough diamonds (verified and additional...

Wits Gold chairperson invests in Womens Trust

JSE and TSX-listed Wits Gold chairperson Adam Fleming has purchased a tranche of 90 000 shares from the Wits Gold Womens Trust at R15/share, a premium of some 36% to the current trading price of R11/share, to assist the Trust in funding its...

Lonmin places hope in new CEO Magara

Platinum Miner Lonmin has appointed Ben Magara as its new CEO and as a director with effect from 1 July 2013. Magara, who is currently the executive head of engineering and capital projects at Anglo American Platinum (Anglo Platinum), was...

Anglo cancels Mozambique coal acquisition

International mining group, Anglo American will not proceed with the acquisition of a 58.9% interest in the Revubo metallurgical coal project in Mozambique. As announced on 24 July 2012, the transaction was subject to a number of conditions. Those...

Sibanye Gold’s Beatrix West section a concern

Further to previous announcements made relating to the fire at the Beatrix West Section, Sibanye Gold has advised its shareholders that a consultation process in terms of section 189A of the Labour Relations Act, 66 of 1995 (LRA) will be entered...