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PIC buys 8% stake in Northam as Afripalm exits

UPDATED: Lazarus Zim's Afripalm Resources has quit its stake in Northam Platinum, which sees the platinum producer's BEE shareholding fall to 12%.

Acacia readies for Barrick deal in 2018, stands firm on tax...

ACACIA Mining acknowledged a statement from 64.9% shareholder, Barrick Gold, on October 25 that a proposal for a new relationship with the Tanzanian government...

We’re ready for strike – Eskom

Power utility Eskom says it is ready should its 16,000 workers decide to go on a strike over wages.

Nacala port construction to begin

Mozambique's Prime Minister Aires Aly says the country plans to start construction of a coal terminal at the northern port of Nacala in the next few months.

Sibanye prepared affidavit before Section 54 reduced at Kroondal

South Africa's Department of Mineral Resources (DMR) reduced a Section 54 work stoppage at Sibanye Gold's Kroondal Platinum Mine in August after the precious...

Council to lobby central banks to adopt platinum

The World Platinum Investment Council wants central banks to adopt platinum as a reserve asset and convert Chinese jewellery owners into platinum investors.

BHP suspends work at Khutala after fatality

BHP Billiton's SA coal unit has suspended mining activities at the underground operations of its Khutala colliery after a fatality at the mine, says the company.

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.

ArcelorMittal joins Kumba in fight against ICT

ArcelorMittal SA has decided to join Kumba in its legal battle against Imperial Crown Trading.

Miners tumble as Harare turns up heat

Platinum stocks took a hit as the Zimbabwean government gave miners six months to sell a majority stake in their firms.