Peter Hambro, who has headed Russian-focused gold miner Petropavlovsk for decades, is seeking to fend off a shareholder revolt led by Russian billionaire Viktor Vekselberg, whom Hambro accuses of pursuing "a takeover by stealth".
Local coal producers and labour unions have agreed that the 2017 coal sector wage negotiations will take place centrally under the auspices of the Chamber of Mines (CoM).
Sasol Mining, the coal mining arm of energy and chemicals group Sasol on Thursday unveiled the progress made over the past few years on its now nearly-completed R15.3-billion programme to replace its ageing coal mines in the Secunda area.
As Poland is reluctant to budge in its feud with Europe over coal, some of the country’s biggest power and mining companies admit it may be the time to change the course.
Gold miner Westgold Resources will acquire privately held underground mining contractor Australian Contract Mining (ACM), which is currently operational at three of the company’s underground gold mines.
Junior Exterra Resources has announced a merger implementation agreement with fellow ASX-listed Anova Metals.
Under the terms of the agreement, Anova has agreed to acquire all the issued capital of Exterra, with Exterra shareholders to receive one Anova share for every two Exterra shares held.
After relinquishing its exploration blocks in Mozambique in September last year, Coal India Limited (CIL) has submitted a new proposal, but has not had any feedback from the African nation.
Perth-based Liquefied Natural Gas (LNG) has flagged a potential redomiciling to the US, along with either a listing on the New York Stock Exchange or NASDAQ.
Wescoal has taken one step closer to closing its proposed R526-million buyout of Keaton Energy, following unconditional approval by the Competition Commission. The acquisition, announced in February, will be settled through R351-million in cash and the balance through the issue of 87.80-million Wescoal ordinary shares.
ASX-listed Mustang Resources has taken another significant step in its strategy to ramp-up processing at the Montepuez ruby project, in Mozambique, with the start of bulk sampling on licence 8245L, in which Mustang recently acquired a 65% interest from Regius Resources.