Boom times return for DRDGold
DRDGold shares are on the up as the marginal gold producer reports soaring profits from the booming rand gold price, with the prospect of plenty more to come if those prices hold up.
Transnet puts pressure on the RBCT
Transnet CEO Brian Molefe is grinning from ear to ear as stocks build up at the Richards Bay Coal Terminal because TFR is railing coal to the terminal faster than it can be exported.
ResGen secures haulage deal with TFR
Resource Generation has some comfort it can haul coal from its proposed Boikarabelo mine, but the conditionality of the deal means it can't yet raise capital against it.
TFR shifting coal at record tempo
Transnet Freight Rail was consistently upping its game, Transnet Group CEO, Brian Molefe has said with weekly rates topping 1.6 million tonnes.
Steel decline drives iron ore to record slump
Iron ore price declines earlier this week took September's losses to a record 30% with producers saying it could take months for Chinese demand to recover.
Trans Hex progresses De Beers deal
Shareholders, board members and competition authorities have agreed to the acquisition of Namaqualand Mines by Trans Hex, but certain conditions precedent have yet to be fulfilled.
Zanaga ups Congo iron ore resource
AIM-listed Zanaga Iron Ore Company announced a 7.5% increase in estimated resources for the Zanaga iron ore project in the Republic of Congo.
Gordhan takes stock of SA’s mining woes
Finance Minister Pravin Gordhan has given a frank assessment of why SA's mining sector has failed to keep up with its peers in attracting new investment in recent years.
IMF encourages Ghana to up mining revenue
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
The National Union of Mineworkers says it has agreed with Xstrata to resolve within 7 days a dispute over an employee share ownership programme.