Pan African Resources' construction of the Elikhulu project remains ahead of schedule, with first gold production expected in August 2018, and full commissioning at the end of September 2018.
Platinum Group Metals
PGM miner Northam has secured a new R1 billion two-year unsecured revolving credit facility to see it through a capital intensive period which includes the delivery of a major new mine at Booysendal.
Diamonds & Gemstones
The board of Petra Diamonds announced a fully underwritten rights issue to raise gross proceeds of approximately US$178 million.
JSE-listed PGM and chrome co-producer Tharisa Minerals will deliver a number of optimisation and growth projects through the implementation of its Vision 2020 strategy which will considerably increase its production.
Orion Minerals has taken another important step in its base metal development strategy in South Africa after entering into an agreement with IGO.
Dual-listed AngloGold Ashanti posted a strong first-quarter performance, with lower debt and improvements in both production and AISC, driving wider margins and stronger cash flows.
Business and policy
The legal team representing claimants in the silicosis and tuberculosis class action litigation - and the Occupational Lung Disease Working Group represented by various mining houses have reached a settlement.