Gold hits 2-week high on gains in equities, euro
Gold has hit a 2-week high as gains in equities and the euro prompt buying from speculators, after central banks took action to prevent the euro-zone debt crisis from igniting a global meltdown.
China aluminium capacity to rise 60% by 2015
China's annual capacity of primary aluminium may rise by 60% in coming four years, says an industry official.
Zambia not keen on mine windfall tax
Zambia will not re-introduce a mine windfall tax it abolished in 2009, says its Finance Minister.
Sierra Leone to post mining revenues online
Sierra Leone will soon launch a public website to detail mining revenues in an effort to ensure that an expected resource bonanza is handled transparently, officials say.
Revised MPRDA at least a year away
Proposed amendments to the Mineral and Petroleum Resources Development Act will not come into law before end-2012, says Mines Minister Susan Shabangu.
Rio Tinto sees customers turning cautious
Rio Tinto has warned that further cracks may be emerging in global commodities markets as the economies of Europe and the United States waver.
BHP Billiton CFO Vanselow steps down
BHP Billiton has announced the retirement of its popular chief financial officer Alex Vanselow and expanded its top management committee.
ANC to redraft nationalisation report
The African National Congress has returned a report with policy recommendations on the issue of mine nationalisation for redrafting, says a senior party official.
Anglo’s growth assets near production
Diversified miner Anglo American’s production profile will change dramatically over the next two years as its four largest expansion projects are commissioned.
Unity needed in nationalisation debate: Phosa
South Africa should speak with one voice on the issues that troubled its economy, such as nationalisation, said Mathews Phosa, ANC Treasurer-General.