Off The Wires

Eurasian Natural Resources Corporation's founders, and the Kazakh government, are planning a buyout of the company valuing it at $4.7bn.

Spot gold edged higher on Monday to near its record, and market sentiment stayed buoyant on speculation of more quantitative easing in the US as investors worry about the economic recovery.

The South African rand was the world's most oversold currency but it was tipped to stage a recovery.

Guinea has signed infrastructure sharing agreements with two mining firms in an effort to accelerate the development of bauxite mines in the west African country.

Alcoa is to break up into two in an effort to unfetter its faster growing plane and car business from its traditional aluminum smelting operations.

QKR Corporation, founded by former banker Lloyd Pengilly, has sold a 7.5% stake in its recently purchased Navachab mine to Namibia's Epangelo Mining.

Polluted water from a dam owned by a phosphate mining firm flowed into the Olifants river which runs through the Kruger National Park.

Analysts said relatively poor quarterly production results underlined the task at hand for new CEO, Mark Cutifani.

Goldman Sachs cut its price forecast for power station coal in Newcastle, Australia, a benchmark in China, to $69/t.

South African president Jacob Zuma said the country's energy sector was due a radical shakeup to accommodate nuclear and "game-changing" shale gas.