Sekoko in talks with ‘cornerstone’ investor
Sekoko Resources, in joint venture with Firestone Energy to develop coal in the Limpopo province's Waterberg, is in talks with multinational power company that could become a cornerstone shareholder.
Rand may test R7.50 level
The rand has weakened against the dollar and looks set to hit a new year low above R7.50/dollar.
Gold Fields targets 1 mln oz in S. America
Gold Fields aims to produce one million ounces of the precious metal per year in South America by 2015, says the company's regional chief.
Anglo to build $3bn Peru mine in 2012
Anglo America will start construction on its $3bn Quellaveco copper mine next year, says the company's Peru chief.
Sandvik predicts metals Q3 weakness
Swedish engineering firm Sandvik said metals prices would be weaker in the third quarter but generally the markets were in decent shape.
Transnet rules out Saldanha for manganese
Transnet Freight Rail has dismissed using the Sishen-to-Saldanha railway line for the future transport of manganese ore, saying the line will be reserved for iron ore.
Zim mines minister calls for calm
Obert Mpofu, supported by empowerment and youth minister, Saviour Kasukuwere, say mining licences will not be cancelled in Zimbabwe as negotiations on indigenisation continue.
Deals too expensive, says Anglo’s Carroll
Mining shares were still too expensive to tempt Anglo American into any acquisitions, says the group's CEO, Cynthia Carroll.
Macozoma: beneficiation needs power surety
Abundant electricity and clarity on the costs thereof are prerequisites for the formation of downstream beneficiation industries, says Tshipi e Ntle chair Saki Macozoma.
Village Main Reef set to churn cash
If the rand gold price stays at current levels Village would generate the kind of cash that would make a mockery of its current share price according to CEO Bernard Swanepoel.