Home News Page 1054

News

De Beers signs 10-year Debswana deal

0
De Beers, the diamond miner and marketer in which Anglo American has a 45% stake, has signed a long-term contract with Botswana's Debswana.

Less of a void at Central Rand Gold

0
An internal study shows the "double void" problem at Central Rand Gold may not be as bad as initially feared, but the share price has hit an all-time low of 9c compared with R20 in 2007.

GFMS: gold to breach $2,000 by year-end

0
Gold prices are likely to break through $2,000 an ounce by year-end to new record highs, says metals consultancy GFMS.

Pan African tipped for more gains

0
Pan African Holdings has posted share price gains of around 34% in 2011, following a 27% rise in 2010. Some may ask whether it is time to sell on a high.

Peru asks Congress to raise mining taxes

0
Peru's leftist government has presented a bill to Congress that aims to increase mining taxes to fund anti-poverty projects.

Sekoko in talks with ‘cornerstone’ investor

0
Sekoko Resources, in joint venture with Firestone Energy to develop coal in the Limpopo province's Waterberg, is in talks with multinational power company that could become a cornerstone shareholder.

Rand may test R7.50 level

0
The rand has weakened against the dollar and looks set to hit a new year low above R7.50/dollar.

Gold Fields targets 1 mln oz in S. America

0
Gold Fields aims to produce one million ounces of the precious metal per year in South America by 2015, says the company's regional chief.

Anglo to build $3bn Peru mine in 2012

0
Anglo America will start construction on its $3bn Quellaveco copper mine next year, says the company's Peru chief.

Egypt to invest in Rwanda power

0
Orascom Construction Industries plans to invest up to $130m in Rwanda in the next three to four years to build a methane power plant to produce 50 megawatts.