R/€ = 14.79 Change: -0.03
R/$ = 11.95 Change: -0.02
Au 1347.77 $/oz Change: 1.59
Pt 941.00 $/oz Change: -2.63


Po Valley declares maiden reserve for Teodorico

By: Creamer Media Reporter      19th February 2018 Australia’s Po Valley Energy, which is in the process of selling its Italian operations to Aim-listed Saffron Energy, has declared a maiden 2P reserve of 36.5-billion cubic feet of gas at the Teodorico gasfield, offshore Italy. Teodorico has the largest gas in place of all of Po Valley’s... 

Integration of Gemfields realising cost benefits – Pallinghurst

By: Martin Creamer     26th September 2017 The integration of Gemfields is beginning to realise cost benefits, Pallinghurst reported on Tuesday when it reiterated its transformation into a long-life operating mining company from being a former closed-end investment vehicle. In presenting half-year results of the company on Tuesday,... 

Pallinghurst setting out to revitalise Gemfields as 100% owner

By: Martin Creamer     19th July 2017 Owning 100% of Gemfields will allow diversified mining company Pallinghurst to revitalise the coloured gemstones mining and marketing entity and to unlock synergies, Pallinghurst CEO Arne Frandsen said on Wednesday, when the London Stock Exchange aspirant commenced its compulsory take up of the... 

Pallinghurst secures additional acceptance of Gemfields takeover

By: Natasha Odendaal     19th June 2017 As Johannesburg- and Bermuda-listed Pallinghurst Resources continues its takeover bid of 47%-owned coloured gemstones producer Gemfields, the group has secured acceptances totalling over 61.25% of the existing issued share capital of Gemfields. In addition to Pallinghurst’s own 47.09% stake, or... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Minbos advances takeover of Angolan partner

By: Esmarie Swanepoel     17th May 2017 ASX-listed junior Minbos Resources has enacted a takeover of its Angolan joint venture (JV) partner in the Cabinda phosphate project, Petril Phosphates, agreed upon in December last year. “Minbos is excited to finally execute the definitive sale agreement with the Petril shareholders. The merger... 

CoAL’s offer to take over Universal Coal lapses

By: Megan van Wyngaardt     15th July 2016 Triple-listed Coal of Africa Limited’s (CoAL’s) offer to acquire the entire share capital of Universal Coal has lapsed, with all contracts resulting from acceptances of the offer by Universal shareholders now void. CoAL in December formally launched an offer to take over the South Africa-focused... 

CoAL extends Universal acquisition closing date to July 15

By: Creamer Media Reporter      17th June 2016 Coal development and mining company Coal of Africa Limited (CoAL) has extended the offer period for the acquisition of Universal Coal to July 15, to enable the enlarged group to “ensure it is financially in a position to advance its combined prospects” and that CoAL’s working capital is such that... 

Conditional Purchase Agreement signed with Evraz for Vametco

     9th May 2016 Bushveld Minerals Limited, a diversified mineral development company with a portfolio of vanadium, titanium, iron ore, tin and coal assets in Africa is pleased to announce that its wholly owned subsidiary, Bushveld Vametco Limited, has signed a Share Purchase Agreement with Evraz Group S.A. for... 

CoAL calls for regulatory streamlining to boost project investment

By: Martin Creamer     14th March 2016 Coal of Africa (CoAL) CEO David Brown on Monday called on the government to ensure a streamlined regulatory environment with end-to-end processes that were attractive to investors and logistics costs that took into account the current low commodity pricing environment. The triple-listed CoAL said... 

African Eagle buys LCR, embarks on equity raising

By: Natasha Odendaal     20th November 2014 Dual-listed African Eagle Resources on Thursday announced plans to buy Lime-Chem Resources (LCR) for $6-million, less the value of net debts and trade and other payables owed by LCR. The company, for which AltX and Aim trading was currently suspended, entered into a conditional agreement that... 

Jubilee again extends PLA acquisition date

By: Natalie Greve     22nd May 2013 Aim- and JSE-listed Jubilee Platinum has, for a second time, extended the transactional end date for the acquisition of ASX-listed Platinum Australia (PLA) to allow time for certain terms of the proposed transaction to be revised. The transaction was now expected to close on July 31. 


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