Zimbabwe approves mineral exploration body
Zimbabwe's Cabinet has approved the draft framework for establishing a company to spearhead exploration of minerals throughout the country, according to a report.
Amsa fires first in court showdown
Senior Council for ArcelorMittal argue mining law does not allow for fractional mining permits in a court showdown that is crucial in the security of tenure debate in South African mining.
Eskom execs get packet
ESKOM's two executive directors received R3.54m in bonus payouts in the past year in addition to normal salaries.
Sales of BEE shares worrying, says Xingwana
The selling of mining shares granted to blacks is undermining transformation, says Minister of Women, Children and People with Disabilities Lulu Xingwana.
Labat investor seeks $2m from Aurora
A $2m investment intended for JSE-listed IT firm Labat Africa has found its way to the bank coffers of Aurora Empowerment Systems, reads a company statement.
Gold fixes sights on $1,800
The resurgence of equities in Johannesburg, following a similar movement in the US yesterday, would do nothing to dampen gold's popularity.
Big concern over Namibia’s mining tax plans
The Namibian government’s proposals for additional taxes on mining may shake the foundations of the country’s industry, say sector players.
BHP in $700m mine contractor buyout
BHP Billiton has agreed to buy a company providing mining contracting services to its Western Australian iron operations from Leighton Holdings for A$705m.
Is it too late for gold fever?
As gold soars to new record levels of over $1,700/oz after the US has suffered its first-ever debt downgrade at the hands of S&P, is it too late to catch some of the upside?
Gold breaks through $1,700/oz
Bullion has roared to record highs above $1,700 an ounce as an unprecedented downgrade to the US credit rating sent investors scrambling out of riskier assets.