Move to iron ore shorter-pricing gains speed
Rio Tinto says iron ore demand has remained robust despite market weakness, and says a fall in prices is accelerating a move to shorter-pricing methods.
Xstrata, Num stand-off continue
Xstrata says it had met with the National Union of Mineworkers in a bid to end a strike at its coal and alloys operations, but the talks were unsuccessful.
Shabangu to mediate in Xstrata dispute
The Minister of Mineral Resources, Susan Shabangu, is to help resolve a dispute between the National Union of Mineworkers and Xstrata.
Harmony sees gold at $1,850 in 2012
Harmony Gold sees the price of the commodity in 2012 to average close to the record spot highs of September, but doesn't bank on its peers' views of prices north of $2,000/oz.
Bristow sets steep targets for Randgold
Randgold Resources expects to be producing 1.2 million ounces of gold per year by 2015, and its operations will meet a 20% profit target even if gold falls to $1,000/oz, says CEO Mark Bristow.
Great Basin Gold’s sales down
Great Basin Gold has sold 27% less gold sequentially in the third quarter from its operations in Nevada and South Africa.
Central Rand Gold handed a lifeline
Central Rand Gold has been granted a stay of execution as the Minister of Mineral Resources agreed to temporarily reverse her decision on the cancellation of the group’s mining right.
Sata’s shake-up ‘for the better’
A leading Zambian legal expert says mining firms have little cause for panic over the policies of Zambia’s President Michael Sata, saying these steps will help to stamp out corruption.
SA gold company earnings to jump
The gold price hit record levels in rand terms during the September quarter, meaning the SA gold companies should be about to report healthy increases in earnings.
JIC labour dispute stings platinum miners
Several junior platinum miners are caught in the crossfire of the labour dispute between mining contractor JIC Mining and the National Union of Mineworkers.