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SA net reserves fall

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South Africa's net gold and foreign exchange reserves fell to $48.633bn in November from $49.221bn in October.

Congo elections results in 48 hours delay

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The delay could add to problems in a vote marred by violence, logistical problems and allegations of fraud.

No slow down on mining projects yet says MDM

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Worries about the global sovereign debt crisis may have hit commodity prices but they have not yet impacted on projects being undertaken by mining groups.

Xstrata sticks by Lonmin investment

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Xstrata said it was unsure how to capture the value in its 25% stake in Lonmin but said it continued to see value in the position.

Firestone, Sekoko funding in-tact

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Funding for the Sekoko Resources, Firestone Energy coal project in the Waterberg had not been withdrawn, Firestone Energy said.

Glencore pays R900m for Umcebo Mining

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Glencore International extended its participation in the South African coal industry after offering R900m for Umcebo Coal which has annual production of 7.2Mt.

Minmetals extends Anvil offer

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Minmetals Resources has extended its offer for Anvil Mining until January 11, the company said.

Great Basin gains as $150m loan sealed

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Ferdi Dippenaar, CEO of Great Basin Gold, says fears over the mining method at its South African mine exacerbated worries it would not secure bank debt.

Platmin to return consolidated: Gilbertson

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Platmin's proposed delisting was the precursor to a stronger, consolidated company when the market was more supportive, said Brian Gilbertson, chairman of Platmin shareholder, Pallinghurst Resources.

SA coal exports fall in November

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Richards Bay Coal Terminal has exported 6.3 million tonnes of coal in November, compared with 7.4 million tonnes the previous month, says the firm