The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
Public Enterprises Minister Lynne Brown has announced that she will institute a “broad scope” investigation into allegations of corruption currently hanging over State-owned electricity producer Eskom. The terms of reference and form of the investigation were still to be finalised, but Brown indicated that it would be overseen by a retired judge, so as to ensure that the credibility of the remedial actions arising were not questioned. It was possible that the investigative work would be...
Implats trial of safety packed drill rig imminent; KZN coal mine supplying communities’ water needs and mulls output expansion;
And, Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer
Platinum mining company Impala Platinum (Implats) on Thursday launched dual convertible bond offerings to enhance the company’s short-to-medium term liquidity and maintain its strong financial position. Johannesburg Stock Exchange-listed Implats, headed by new CEO Nico Muller, is offering up to R2.6-billion worth of rand-denominated unsecured convertible bonds and up to $300-million US dollar-denominated unsecured convertible bonds, with the proceeds earmarked to refinance two convertible bonds that mature next year.