Home Off The Wires

Off The Wires

SA economy grows at slowest rate since 2009

0
South Africa's economy grew at the slowest rate in the first quarter since the 2009 economic recession with labour and power outages considered key risks in the future.

Gold to fall to $1,200/oz in Q4: SocGen

0
The price of gold would fall to $1,200 per ounce in the fourth quarter amid more sales of exchange traded products, Societe Generale said in a recent report.

Nelson bursts back with SA/Chile deal

0
Jan Nelson, CEO of Xtract Resources, said he wanted to raise debt and equity for a gold/copper mine in Chile and a near surface deposit in South Africa.

Malawi election impasse won’t stop rail

0
A 237km railway linking Vale's Moatize mine with the port of Nacala, both in Mozambique, would not be interrupted by election problems in Malawi.

Gold Fields “on track” for 2.2m oz output

0
Gold Fields was on course for achieving full year production of 2.2 million ounces while All-in Sustaining Costs would be lower than first forecast.

ContiCoal appoints board to study funding

0
Continental Coal has appointed a special board committee to review several offers to refinance its $15m in convertible debentures.

Ivanhoe says most communities consulted

0
Ivanhoe Mines said the majority of communities involved in an empowerment deal for its Platreef mine were consulted about the deal.

Tharisa restarts at processing facilities

0
Tharisa said operations at the processing facilities at its Tharisa Mine had restarted following a fatal accident on November 5.

Congo governor warns against tax hikes

0
Moise Katumbi, governor of copper-rich Katanga province in the Congo, said an increase in mining taxes was worrisome at the current time.

Lonmin BEE still subject to discussion

0
The Bapo ba Mogale community in Rustenburg had not rejected an empowerment proposal from Lonmin, the platinum producer has said.