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Pan African Resources bucks the trend

Over the last 12 months the gold index has shrunk about 13%, but Pan African Resources, run by former Harmony Gold manager Jan Nelson, has moved the other way, gaining about 61%.

Resurgent Lonmin sets out brave new world

An Esop; centralised bargaining; and more inclusive union recognition are some of the steps Lonmin is taking to recover - a statement of intent the market applauded.

Sasol eyes coal export market

Sasol’s failure to press ahead with the R60bn Mafutha CTL project last year has given it food for thought on what to do with the coal resources on which Mafutha was premised.

Mines law recall ‘stopped SA going backward’

Mark Cutifani, CEO of Anglo American, expressed his relief that the MPRD Amendment bill had been recalled as it was sending the country backwards.

Harmony Gold Q1 jumps three-fold

Harmony Gold has posted a more than three-fold increase in quarterly earnings, beating expectations on bullion's record run.

Wescoal goes to court over wind-up request

Wescoal has applied to the North Gauteng High Court to set aside an application for the winding up of the company.

Pressure on Eskom as mines down shovels

Workers at Matla and Arnot went on strike placing further pressure on Eskom which has a mere 2% reserve capacity.

Zambia to double copper royalties

Zambia is to take royalties on copper to 6% and will also increase precious metal royalties as Michael Sata's new government unveils an expansive budget aimed at growth and development.

Petra set to struggle to meet covenant with Williamson crocked

SHARES in Petra Diamonds fell 8% during morning trade in London after the company acknowledged that the suspension of its Williamson mine would put...

Vale, Rio to raise iron ore prices

Top iron ore miners Vale and Rio Tinto are likely to raise contract prices by 4% for the first quarter from the fourth quarter, reflecting gains in spot prices over the past three months.