ANC policy review to test limits of SA mining
The ANC's National General Council will discuss policies related to mining that continue to stretch the limits of what the sector can feasibly provide the economy.
Gold equities on the rise as global uncertainty gives gold price...
A 12% interest in the price of gold over the last six months, driven largely by fears related to a trade war between the...
Wesizwe’s R6.6bn China option in the balance
Shareholders in platinum junior Wesizwe will decide in the next three months whether to go ahead with a R6.6bn capital injection that will see a Chinese consortium take control of the company.
Listed diamond producer in mix for third party supply to Lucara’s...
LUCARA Diamond Corporation hoped to add its first third-party diamond supply - some of which could come from a listed diamond producer - to...
Eastplats Mar Q output slumps 7%
Toronto, AIM and JSE-listed Eastern Platinum has reported a net profit attributable to equity shareholders of $824 000 for the quarter ended March 2010.
Glencore exercises Prodeco coal option
Global diversified miner Xstrata, which has alloys, coal and platinum operations in South Africa, says it has received formal notification from Glencore International informing its of Glencore's exercise of its option to acquire the Prodeco coal operations.
Bank warns mining’s cash surplus, bumper returns as good as it...
MINING majors such as Anglo American, Glencore, and BHP are set to report record earnings but bumper dividends they pay may be a case...
Diamonds are still forever
Graff Diamonds’ decision earlier this month to halt its Hong Kong listing
provides some insight regarding business confidence in Asia currently. The
diamond market, however, is only taking a breather.
Lonmin to shed 3,500 employees in cost drive
Lonmin confirmed reports it would shed 3,500 jobs on a voluntary basis in an effort to slash 10% of its overheads amid a sluggish platinum price.
Harmony waiting on PNG bonanza
Harmony Gold has talked up the billing of its Wafi-Golpu project as the "gold find of the century', but questions remain over the group’s immediate growth prospects.