Chinese pay top dollar for marginal assets
A Chinese firm appears to be paying an exorbitant amount for highly marginal gold assets that Harmony was happy to sell last year at a fraction of the price to current owner Taung Gold.
DRDGOLD output down, costs climb
Gold miner DRDGOLD expects its quarterly gold production to be about 3% lower, while costs will be some 6% higher.
Eskom in talks with Vunene on coal deal
Power utility Eskom say it is in talks with Vunene Mining to secure a five-year coal supply deal for its Camden power station.
Jubilee to acquire chrome ore company
Mining exploration and development company Jubilee Platinum has unveiled plans to acquire a firm that treats chrome ore in the platinum-rich western Bushveld.
Gold One output jumps 21%
The increase in gold production at Gold One was largely due to development at Modder East.
Liquidators warn Aurora – again
Aurora has to prove it has made progress in finding investors for the Pamodzi mine or face being kicked out of the deal, says liquidator Enver Motala.
Metorex copper output up 8%
Metorex increased production despite seasonally high rainfall and the installation of a new modified transformer at Ruashi.
Pallinghurst expects banner year for platinum
Pallinghurst Resources CEO, Arne Frandsen, says 2011 represents a key period of development for the group's platinum prospect, Platmin.
Evraz Highveld CEO to leave within a week
Evraz Highveld Steel and Vanadium, SA's second-largest steel producer, says that its CEO has tendered his resignation.
Harmony to reopen Joel mine
Harmony Gold, the world's fifth largest gold miner, says that a mine it had shut after a fatality last week will reopen with the morning shift on Wednesday.