Optimum Coal reviews share trades
Directors at Optimum Coal are reviewing an expression of interest from Glencore and share sales made to the suitor, despite the absence of a formal bid, say investors.
Cutifani sees gold at $2,200/oz in 2012
The CEO of AngloGold Ashanti says he expects gold prices to hit $2,200 an ounce by next year and hints the firm may boost its dividend.
Rough diamond demand growth to hit record
De Beers is expecting global demand growth for rough diamonds to set a new record this year.
Mwana Africa’s Zimbabwe output tops target
Mwana Africa's Zimbabwe mine output has risen to a monthly average of 4,500 ounces, outstripping its targeted annual production rate.
NUM says wage talks with Implats falter
The National Union of Mineworkers says separate wage talks with Exxaro Resources and Impala Platinum have deadlocked but strike action was not imminent.
Zimbabwe again softens tone
Zimbabwe has again hinted it may show flexibility in its stance towards foreign mining companies.
Gold heads for biggest weekly drop since ’09
Gold has slipped more than one percent, heading for its biggest weekly drop since March 2009.
DMR ‘withdraws’ Mine Waste Solutions right
First Uranium shares have lost almost 15%, following an announcement that subsidiary Mine Waste Solutions’ mining right has been withdrawn.
Mining ‘no cure’ for poverty
The John Taolo Gaetsewe District Municipality in the Northern Cape hosts more than 75% of the world’s manganese reserves. It is also one of nine nodes of poverty in SA.
SA to build new nuclear power plants
Energy Minister Dipuo Peters says she has signed off on a proposal for new nuclear energy plants which is to be sent to the cabinet soon.