Home News Page 1077

News

Gold rebounds but heads for weekly loss

0
Gold was heading for a weekly loss as investors digested plans by US President Barack Obama to spur economic growth which could dent bullion's safe-haven appeal.

Mozambique considers tripling Beira

0
Authorities in Mozambique are considering tripling the capacity of its port at Beira in order to cope with increased coal deliveries from Tete province, and Zimbabwe.

Cortec parent says firm digging in Kenya

0
Parent company of Cortec Mining, Canada's Pacific Wildcat Resources, said its firm continued to prospect in Kenya despite earlier reports saying a High Court order had stopped it.

Harmony struggles despite gold bonanza

0
Why does Australian gold miner Newcrest get more for its 50% stake in the Wafi-Golpu gold deposit than its joint venture partner, Harmony Gold? Here's some answers.

Zim govt in talks with miners wanting time

0
Zimbabwe is in talks with mining that firms that have requested more time to complete their indigenisation plans.

Hopes for Optimum bidding war scotched

0
Hopes of a bidding war for Optimum Coal were scotched after a potential alternative expression of interest in the coal producer was withdrawn.

Eskom strike would be illegal – spokesperson

0
A strike by Eskom employees would be considered illegal as the power utility is deemed an essential service, an Eskom spokesperson said.

Iron ore steady ahead of steel uptick

0
Steel production was likely to tick up in September and October in China with iron ore prices holding steady in the meantime, traders said.

Ipsa’s Earl calls it quits

0
Peter Earl, CEO of Ipsa, is stepping down from executive duties at the company after helping found the company six years ago.

Cortec banned from Kenya prospect

0
Cortec, a South African company, has been told to stop mining in Kenya where it has already sunk nearly $144m searching for niobium which is used in the production of ferrous metals.