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Transnet acting CEO resigns

Chris Wells, who has acted as Transnet group CEO since March 2009, will leave at the end of March 2011, according to the Transnet board.

Exxaro shuts down furnace

Diversified miner Exxaro will lose 9 000 tonnes per month in slag production after shutting down a furnace at its Kwazulu Natal mineral sands unit following an incident.

South Korea seeks $1bn DRC mining deal

A consortium of South Korean companies will seek a minerals-for-infrastructure deal in Democratic Republic of Congo that could be worth $1bn, officials say.

Potash Corp asks regulator for more time

Canada's Potash Corp is asking a provincial regulator to uphold its shareholder rights plan, saying potential white knights need more time to fund possible bids to rival BHP's hostile offer.

India to snap up gold in festival week

India's gold sales during its biggest festival week may rise by 40% from a year ago as consumers pick up the metal in anticipation of further gains from the current, near-record price levels.

Govt fights claim over Vaal coal rights

Government has denied that Imperial Crown Trading received coal rights for 162 ecologically sensitive spots next to the Vaal River, but confirmed that it had received an application from the controversial company.

Anglo American CEO slams nationalisation

Anglo American CEO Cynthia Carroll has derided nationalisation as an economic policy that - drawing on the group's prior experiences in Zambia - "simply does not work".

SA remains coy to fiddle with rand

South Africa will not be making "inappropriate short-term" responses to weaken the rand as this will hamper longer-term economic growth, says finance minister Pravin Gordhan.

Law to nationalise mineral rights – critics

New legislation will remove the final reference to privately held ownership of minerals, in effect nationalising mineral rights, critics say.

Majali to appear in court

Alleged corporate hijacker Sandile Majali, who was at the centre of the Oilgate scandal, is expected to appear in a Johannesburg court.