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First Uranium enters deal with Vulisango

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First Uranium has entered into a R400,000 per month consulting contract with BEE group Vulisango Holdings.

De Beers SA sees 6.5 mln carats for 2011

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De Beers expects its SA business to produce 6.5 million carats in 2011, a million less than 2010 as the effects of mine disposals filter down, says the division's CEO.

Namibia’s diamond, uranium output down

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Namibia's diamond output more than halved in the second quarter of this year to 208,000 carats as economic woes hit demand, financial group Capricorn Investment Holdings said on Tuesday.

BHP Billiton appeals power price verdict

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The public will have to wait to find out what BHP Billiton’s Southern African aluminium operations pay for electricity.

Beneficiation not optional in new MPRDA

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Government may force the mining sector to participate in beneficiation, at least as far as the supply of raw materials are concerned, according to policy proposals.

Randgold Resources lowers output target

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Randgold Resources has revised its full year production downwards after abnormal rainfall in Mali impacted on production.

DRDGold writes down Blyvoor

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DRDGold has removed Blyvoor mine from its balance sheet; a move which CEO Niel Pretorius says isn't an indication that the distressed asset will be shut down soon.

Num condemns Lonmin community deal

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Lonmin's agreement to employ only locals at its Marikana mine in Bapong promotes xenophobia, says the National Union of Mineworkers.

ANC Youth League braces for leader’s trial

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The ANC Youth League is planning to support its leader Julius Malema, who has galvanised legions of poor black supporters, at a disciplinary hearing this week that may lead to his suspension.

Glencore buys into Optimum Coal

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Optimum Coal says that a unit of Glencore International, the world's largest commodity trader, has bought a 14.1% stake in it.