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Key BHP Olympic Dam ally to step down

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An Australian politician who has played a key role in developing BHP Billiton's Olympic Dam mine and is now under pressure to step down has vowed to stay on until October.

Great Basin Gold shares tumble

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Great Basin Gold shares took yet another knock following release of an operational update which dropped this year's gold production forecast for the new Burnstone mine.

Gold One gets go-ahead for deals

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Gold One International has received approval from SA's competition authorities to go ahead with its two significant transactions.

Rio, Mitsubishi bid to mop up Coal & Allied

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Rio Tinto and Mitsubishi Corp have made an offer to buy out Coal & Allied for $1.56bn, looking to take full control of the Australian coal miner.

Harmony in $9m US lawsuit settlement

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HARMONY Gold has agreed to pay $9m to the lead plaintiff in a US class action filed against it in 2008, after being accused of overstating earnings for 2007.

Kumba workers to get R2.3bn payout

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Some 5,000 Kumba Iron Ore employees are set to get up to R500,000 each in November when a broad-based empoyee share participation scheme matures.

Oppenheimers explore new ventures

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The Oppenheimer family, which built its fortune on diamonds, sees opportunities in agriculture and African consumers.

Resource nationalism the ‘biggest risk’

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Resource nationalism is the biggest threat facing the mining sector this year and next as governments seek to take advantage of higher commodity prices, says Ernst & Young.

Hawks target ICT powerbroker

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The power-broker behind the Imperial Crown Trading led consortium - that could turn a number of partners into multimillionaires - has reason to sweat.

De Beers, Num sign deal to end strike

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Diamond producer De Beers has signed a two-year wage deal with the National Union of Mineworkers, ending a 14-day strike.