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Creamer Media Reporter

Hudaco sees improved interim earnings

18th June 2008 Industrial product distributor Hudaco on Wednesday said it expected normalised headline earnings a share for the half-year ended May 31, to be 55% to 60% higher than the 255c a share reported for the half-year ended May 2007. Basic and headline earnings a share were expected to be 40% to 45%... 

Platmin's Liddell to become nonexec deputy chair

18th June 2008 TSX- and Aim-listed platinum exploration and development company Platmin has announced that its executive deputy chairperson, Keith Liddell, would become nonexecutive deputy chairperson with immediate effect. Liddell served as a director and executive deputy chairperson of Platmin since 2006,... 

Basil Read’s earnings may rise by as much as 75%

18th June 2008 Building and civil engineering firm Basil Read on Wednesday reported that it expected its earnings a share and headline earnings a share to increase by between 55% and 75% for the period ending June 30, 2008. Basil Read said it’s current order book amounted to R5-billion compared with... 

Great Basin upgrades Hollister project’s resource by 60%

18th June 2008 Emerging JSE- and TSX-listed Great Basin Gold (GBG) on Wednesday released expanded and upgraded mineral resource estimates by 60% in the measured and indicated category at it’s Hollister project on the Carlin Trend in Nevada, US, from one-million ounces to 1,6-million oz. Underground... 

SA grants Miranda subsidiary prospecting rights

18th June 2008 A subsidiary of JSE-listed Miranda Minerals, Naledi Mining Solutions, had been granted a prospecting permit for the group's West Rand clay project situated between Carletonville and Westonaria, in Gauteng, the company said on Wednesday. The company said plans for a detailed exploration... 

Simmers expects FY loss to widen

18th June 2008 Gold and uranium miner Simmer & Jack Mines (Simmers) on Wednesday reported that it expected a loss a share and a headline loss a share of between 20c a share and 25c a share for the year ended March 2008. This was compared with a loss a share of 19,56c a share and a headline loss a share of... 

CoAL boosts Limpopo project’s resource

18th June 2008 The resource for the Vele semi-soft coking coal project, in Limpopo province, had been upgraded to 441,47-million tons on site, up from an estimate resource of 352-million tons inferred, JSE-, ASX- and Aim-listed coal development company Coal of Africa Limited (CoAL) announced on Wednesday. The... 

BRC DiamondCore seeks court order against former BEE partner

18th June 2008 A subsidiary of diamond junior BRC DiamondCore, Samadi Resources, on Wednesday announced it had made an application to the Johannesburg High Court for an order to declare the agreement with its former black economic-empowerment (BEE) partner Sefalana Mineral Resources, void. "Company legal... 

Culture of cyber security urgently needed in developing countries - Matsepe-Casaburri

17th June 2008 Minister of Communications Dr Ivy Matsepe-Casaburri would be representing South Africa at the second Organisation for Economic Cooperation and Development (OECD) Ministerial conference in Seoul, Korea from the June 17, to June 19. The Ministerial conference would address the role of the Internet... 

Platinum Australia wins SA prospecting right

17th June 2008 ASX- and Aim-listed platinum-group metals (PGMs) exploration company, Platinum Australia (PLA), had been issued a prospecting right for an extension to its Kalahari Platinum (Kalplats) project, in the North West province of South Africa, the company reported on Tuesday. The prospecting right had... 


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