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IMF encourages Ghana to up mining revenue

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Ghana has to look at options to increase tax revenues from its mining sector, says the International Monetary Fund.

NUM, Xstrata agree to end dispute within days

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The National Union of Mineworkers says it has agreed with Xstrata to resolve within 7 days a dispute over an employee share ownership programme.

Gordhan aims for primary balance by 2015

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South Africa will see its budget deficit widen a touch this year to support a weak recovery, but aims to constrain expenditure and keep debt in check.

AngloGold CEO sees no bubble in gold price

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AngloGold Ashanti Chief Executive Mark Cutifani sees no bubble in gold prices and says prices can easily go higher amid global economic uncertainty.

IFM meets key milestones

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International Ferro Metals is ticking all the boxes in its attempts to turn the corner on a difficult past, meeting key targets as its seeks to lower costs and increase capacity.

Xstrata, Num stand-off continue

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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

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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

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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

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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.

Move to iron ore shorter-pricing gains speed

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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.