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Ferrochrome price to reflect Eskom cost hike

Price increases from Eskom in April were likely to put upward pressure on the ferrochrome price, said International Ferro Metals CEO, Chris Jordaan.

Goldcorp looks to expand into Africa

David Garofalo, in-coming CEO of Goldcorp, the world's largest gold company by market value, said it would consider expanding into Africa and Europe.

SA mining output hits low for year

South African mining production contracted unexpectedly by 4.8% in September — its lowest level in a year — compared to a year ago.

Paulson opposes AngloGold demerger

John Paulson whose company Paulson & Co owns 6.6% of AngloGold Ashanti said he would not vote through the proposed $2.1bn rights issue and demerger.

Trafigura to shut flagship hedge fund

Commodities trader, Trafigura, is to close its flagshp Galena Metals Fund owing to the continued slump in metal prices.

Gemfields may quicken underground mine

A proposed increase in royalties may see Gemfields expanding into underground mining at its Kagem emerald mine quicker than it would have first planned.

Shell may delay drilling two years

Royal Dutch Shell may only drill for petroleum off South Africa's northwest coastline two years later than planned owing to regulatory uncertainty.

Gold surges to two-month high on haven buying

The price of gold surged to a two-month high as investors sought a haven amid continued selling of equities.

Madagascar in struggle to revive mining

Madagascar goes to national elections on December 20, but investors are wary of promises that a new leader will revive the country's mining sector.

Chinese followed Zambia law in Baluba closure

CNMC Luanshya Copper Mines followed Zambian law when it closed the Baluba mine sending more than 1,600 workers on forced leave.