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SSC takes Vantage to court in Lily, Barbrook mines transfer dispute

By: Marleny Arnoldi     16th April 2019 Siyakhula Sonke Empowerment Corporation (SSC) and its subsidiary Flaming Silver has filed an urgent application in the Mpumalanga High Court to resolve a dispute with Vantage Goldfields South Africa regarding a sale of shares agreement for the Lily and Barbrook mines, in Mpumalanga.  

Orion clinches potent new-style empowerment deal  

By: Martin Creamer     16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... 

Tribunal approves IDC’s buyout of Celrose, with conditions

By: Tasneem Bulbulia     15th April 2019 The Competition Tribunal has approved, with conditions, the proposed transaction whereby the Industrial Development Corporation (IDC) plans to acquire clothing and footwear manufacturer Celrose of which embattled retailer Edcon is a majority shareholder. The IDC is State-owned and provides... 

MC Mining to develop Phase 2 of Makhado according to 2017 Makhado ‘Lite’ project plan

By: Simone Liedtke     27th March 2019 Phase 2 of ASX-, Aim- and JSE-listed MC Mining’s Makhado hard coking and thermal coal project will be developed according to the 2017 Makhado ‘Lite’ project plan, the emerging coal miner confirmed on Wednesday. The announcement follows after MC Mining’s board earlier this month approved the... 

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