Kathu feasts in Kumba’s Envision windfalls
Kathu, the Northern Cape mining town, has been turned upside down following Kumba Iron Ore's payouts of up to R576,000 to each of its employees.
Rand seen below R8/$ by end-2012
The rand is expected to firm to R7.825/$ in 12 months, a Reuters poll shows, but that is dependent on a solution to Europe's debt crisis and a pickup in global growth.
Soft landing in China forecast
China's GDP growth would continue to be supportive of metal prices, according to a report by Goldman Sachs. However, the rand would strengthen before the end of 2012.
Chinese set Feb 2 deadline on Kalahari bid
CGNPC has set a February 2 deadline on its offer for Kalahari Minerals, which may trigger a $2.2bn bid for Kalahari's Australian subsidiary Extract Resources Ltd as early as March.
Anglo shareholders back De Beers deal
Shareholders in Anglo American have approved the global miner's $5.1bn acquisition of an additional 40% stake in De Beers.
Keaton completes Leeuw takeover
Keaton Energy has announced the completion of its transaction to takeover a 74% stake in Leeuw Mining & Exploration.
Tanzania police foil robbery at AngloGold mine
Heavily armed robbers have tried to steal a stack of gold bars from a plane at an airstrip near a mine in Tanzania owned by AngloGold Ashanti but were thwarted by the police.
Gold up on seasonal China buying; Iran eyed
Gold is on course for a fifth straight session of gains as growing anxiety on Iran boosts its safe-haven appeal and rising seasonal demand in China buoys sentiment.
Appeal against MWS’ water licence dismissed
First Uranium Corporation says the appeal lodged against Mine Waste Solutions' water use licence has been dismissed.
ENRC, First Quantum settle DRC dispute
Kazakh miner ENRC has agreed a $1.25bn settlement with First Quantum Minerals to end a long-running dispute over ownership of the Kolwezi project in the DRC.