SA gold reserves increase 13% to $7.3bn
The 13% increase in the spot price of gold contributed to a surge in South African foreign reserves in August, the Reserve Bank said in a statement.
Zimbabwe turns up the heat on Zimplats
The Zimbabwe government has threatened to cancel Zimplats mining licence in the latest bout of "sabre rattling" over the country's indigenisation requirements for mining companies.
Firestone raises R12.6m in share issue
Firestone Energy has issued 9.6% of its share capital and ceded rights to underground gasification on tenements owned by it and Sekoko Resources in an effort to further fund its Smitspan project.
Namibia approves Gold One deal
A deal to secure a major Chinese shareholder was a step closer for Gold One today after Namibia gave the thumbs up to proposed transaction.
SA half-year gold output stable
South African gold production for the first six months of this year was only 1% down on output for the corresponding period last year, the Chamber of Mines said.
Gold heads for $2,000 on India festival buying
Worries about Euro debt and the imminence of more physical buying by Indians despite record spot prices will drive gold ever higher, analysts say.
Mugabe stands firm on indigenisation
Platinum and diamond miners hoping for wriggle room in indigenisation talks with Zimbabwe were reminded by the country's president there would be no change in the policy.
Eskom, Transnet to keep public service role
Transnet and Eskom would not be restructured, nor placed in private hands, said public enterprises minister, Malusi Gigaba.
Sallies gets approval for $2.8m loan
Shareholders in Sallies approved $2.8m loan to help bolster the recommissioning of its Witkop mine.
Village declares Lesego to be shallower
Village said it had intersected platinum group metals at its 77%-held Lesego platinum prospect at some 700m, almost half the initial estimated depth of the resource.