Gemfields goes big on emeralds
London-listed Gemfields is generating cash hand-over-fist and intends using its financial strength to gain greater control over the world's emerald business.
MPs seek clarity on BEE milestones
Parliament has asked the Chamber of Mines to explain how the industry’s assessment of BEE compliance differs so vastly from government’s conclusions.
Pallinghurst share price woes continue
The share prices of Pallinghurst and two of its key operating arms remain stubbornly depressed, forcing management into remedial actions like share buy-backs and additional listings.
Rio’s tax to boost Guinea’s infrastructure
Guinea will use 35% of a $700m windfall from Rio Tinto to rebuild the mineral-rich West African nation's broken infrastructure, says a Guinean official.
Ownership rule too stringent, says Tsvangirai
Zimbabwe's local ownership rules for foreign mining companies are too stringent, says Prime Minister Morgan Tsvangirai.
Rio Tinto in major retreat from aluminium
Rio Tinto is putting an estimated $8bn worth of aluminium assets up for sale across six countries, only four years after buying aluminium giant Alcan for $38bn.
Union to strike at Xstrata
The National Union of Mineworkers will start a strike at Xstrata's operations across South Africa after a dispute over an employee share ownership programme.
Rio Tinto defies gloom with record ore sales
Global miner Rio Tinto has brushed off fears of a global economic crisis, reporting record iron ore sales and a 5% jump in output for the third quarter.
Nogxina tipped for Mexico post
Former director-general at the Department of Mineral Resources, Sandile Nogxina, is tipped to be appointed South Africa’s next ambassador to Mexico.
Ex DMR official appointed as new DG
Cabinet has appointed Thibedi Ramontja, the current CEO of the Council for Geoscience, as new director-general for the Department of Mineral Resources.