NUM, Exxaro wage talks continue
Wage discussions between diversified mining group Exxaro and NUM are still ongoing and the two parties say they are hopeful an agreement will be reached soon.
Miranda secures R98m funds for development
JSE-listed Miranda Minerals has secured R98.2m in funds from a Dubai investment firm chaired by Thaksin Shinawatra, a former prime minister of Thailand.
SA gold output ticking upwards
The Chamber of Mines says South Africa’s gold production increased by 12.6% in the second quarter of 2010 to 49 444.5 kilograms when compared to the 43 927.8 kilograms produced in the first quarter.
Amsa, Kumba and ICT rights issues to be probed
The Trade and Industry Portfolio Committee is set to begin a process that will investigate the mining rights issues concerning mining firms ArcelorMittal South Africa, Kumba Iron Ore and Imperial Crown Trading.
Steel industry will be forced to comply – Davies
Trade and industry minister Rob Davies says government is intent on using policy tools to achieve competitive steel pricing to benefit downstream industries.
ZCI diluted headline earnings dip further
ZCI Limited, formerly Zambia Copper Investments, reported diluted headline earnings per share dip of 28.77 US cents for the year to end March 2010 from a diluted headline loss of 20 cents in the previous period.
Assore full-year headline earnings plunge
Mining holding company Assore reported a 54.7% decline in full year headline earnings per share to 6.241 cents for the financial year to end June 2010 from 13.772 cents for the previous period.
Rockwell scores at Kimberley mines
Five large diamonds of 50 carats and above have been discovered at Rockwell's Holpan, Klipdam and Saxendrift mines bringing the total number of plus 50-carat stones discovered in its current fiscal year to eleven.
Pan African lifts full-year profit 79pct
Pan African Resources (PAN), the African-focused gold mining company, reported a 25% improvement in its full year diluted headline earnings per share to 1.06p from 0.85p previously.
Thabex, Angel Diamond case deferred
The case involving Thabex, the junior mining and exploration company, and Angel Diamonds has been postponed to October 6, 2010 in the High Court of Lesotho.