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Gold surges to fresh record

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The price of gold rose to a new high on fears of heightened inflation and concerns the dollar would weaken further against the euro.

Competing bid likely for Metorex

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Now that Vale has started the ball rolling with its takeover offer, it seems likely there is going to be a competing bid for Metorex from Chinese investors.

BHP Billiton completes $6.3bn buyback

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BHP Billiton has bought back 4.4% of its shares as part of its $10bn capital management program.

Zim mining body offers equity compromise

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Zimbabwe's mining industry has proposed that "social investments" count towards meeting new economic empowerment regulations for foreign mining firms.

Russian firms to invest in SA rare metals

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Two Russian firms have reportedly agreed to participate in government's planned R15bn rare metals processing complex.

Govt plans to profit from rare metals

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Government reportedly plans to establish a R15bn plant to process rare metals, which are used in cell phones, flat-screen TVs and microwaves.

Davies unapologetic about steel stance

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Trade and Industry Minister Rob Davies again maintained a tough stand against steel producers, saying the government is unhappy with their prices.

Eskom in talks with Vunene on coal deal

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Power utility Eskom say it is in talks with Vunene Mining to secure a five-year coal supply deal for its Camden power station.

Acid water blamed on mine liquidators

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Liquidators of two mines on the East Rand have fought back after being accused of contributing to environmental damage.

Renewed jitters power gold to new record

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Investors worried by the eurozone debt crisis and turmoil in the Arab world have sought safe-haven gold, pushing its price to a new record high.