Gold Fields lifts gold reserves 5pc
Gold Fields said gold reserves increased 5% to 80.6 million ounces assuming a gold
price of $1,300/oz.
ARM has Modikwa takeover, expansion in sights
African Rainbow Minerals said it could dilute Anglo American Platinum’s stake
in the Modikwa mine, or buy it if considered surplus to requirements by Anglo
American.
Vavi, peacemaker of the platinum fields
The visit of Cosatu’s Zwelinzima Vavi to striking workers at Impala Platinum
provides insight into the profound social conditions that are sweeping the
industry.
ARM, Vale may spend $500m to double Konkola
ARM Executive Chairman, Patrice Motsepe, sounded an expansionary note at
the group’s interim results, with the group’s Konkola copper joint venture
looking to kick on in size.
Equatorial Resources bows to Exxaro offer
Equatorial Resources accepted an offer by Exxaro Resources for its 20% stake in
African Iron taking the South African firm's stake in the iron ore exploration firm to
86%.
Regulatory clock starts for Glencore and Xstrata
The regulatory clock starts ticking on commodities trader Glencore's takeover of mining group Xstrata after notifying the European Commission of the proposed $90bn deal.
Implats contract worker beaten to death
A contract worker at Impala Platinum's troubled Rustenburg operation has been beaten to death during an assault when he tried to go to work, say police.
Northam CEO ‘conservative’ on Booysendal
Northam Platinum CEO Glyn Lewis has turned conservative on the timing and
funding of Booysendal in response to development delays and the rising risk
profile of the platinum sector.
Back to work, Vavi tells Implats workers
Cosatu general secretary Zwelinzima Vavi has urged striking mineworkers at Impala Platinum's Rustenburg mines to return to work, according to a report by Sapa.
‘Little support’ for Kasukuwere’s Mimosa plan
ZIMBABWE’S Empowerment Minister, Saviour Kasukuwere has little support to force
Impala Platinum to give up its entire shareholding in Mimosa, says a member of
cabinet.