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Xstrata capex up 50%

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Xstrata plans to increase spending on new mines by about 50% next year to $6.8bn as the mining group keeps its main focus on organic growth rather than acquisitions.

Nkwe shrugs off non-disclosure claims

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Nkwe Platinum has dismissed suggestions that the group has been less than frank with shareholders over the legal disputes and administrative uncertainties it faces.

Union warns over Simmers job losses

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Trade union Solidarity warns it will not tolerate retrenchments due to the takeover of Simmer & Jack by Village Main Reef Gold Mining.

DiamondCorp raises more money for Lace

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Fund raisings by Firestone Diamonds and now DiamondCorp indicate investor sentiment towards the diamond mining sector is improving, which is good news for DiamondCorp.

Aurora: scores of illegal miners nabbed

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Hundreds of illegal miners have been arrested at the Aurora Grootvlei Mine in Springs, police say.

Newcrest halts Ivory Coast operations

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Newcrest Mining has temporarily suspended operations at its Bonikro gold mine in Ivory Coast as precaution due to possible security issues tied to the recent election tensions.

Rio Tinto in $3.5bn bid for Riversdale

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Rio Tinto has made a $3.5bn bid approach for Africa-focused Riversdale Mining, sending the target firm's shares surging 16% and setting up a potential takeover battle.

Anglo finalises $700m Skorpion deal

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Anglo American has completed the sale of its Skorpion zinc mine to Vedanta Resources.

Village takes over Simmers

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Bernard Swanepoel is back into gold mining boots and all with the acquisition of Simmer and Jack Mines, but now comes the hard part of making Simmers' marginal operations perform.

Keaton granted debt facility for Vanggatfontein

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Keaton Energy says it has successfully secured a credit-approved offer of R255m in project finance to complete its Vanggatfontein coal mining project near Delmas.