No slow down on mining projects yet says MDM
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.
Firestone, Sekoko funding in-tact
Funding for the Sekoko Resources, Firestone Energy coal project in the Waterberg had not been withdrawn, Firestone Energy said.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
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
Minmetals Resources has extended its offer for Anvil Mining until January 11, the company said.
Xstrata sticks by Lonmin investment
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.
SA net reserves fall
South Africa's net gold and foreign exchange reserves fell to $48.633bn in November from $49.221bn in October.
Great Basin gains as $150m loan sealed
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.
Global Witness exits ‘blood diamond’ scheme
Campaign group Global Witness has pulled out of the Kimberley Process, calling the scheme outdated and a failure, almost nine years after its launch.
Diamond demand to outpace supply to 2020
Chinese and Indian appetite for diamonds will fuel demand growth of more than 6% a year over the next decade, far outpacing supply increases, says Bain & Company.
Xstrata eyes benefits from copper supply woes
Xstrata expects to benefit from supply troubles hitting copper globally, as it reports increased resources and says its own key projects are on track and on schedule.