Diamond demand to outpace supply to 2020
Chinese and Indian appetite for diamonds will fuel demand growth of more than 6% a year over the next decade, far outpacing supply increases, says Bain & Company.
Platmin to delist until better days return
Platmin, a platinum group metals developer and explorer operating in South Africa, is to delist from Toronto and Johannesburg saying its share was under-valued and poorly traded.
Optimum directors bag R221m in share sale
Xmas came early for directors at Optimum Coal Holdings who made a killing selling shares, presumably to Glencore International.
Sierra Leone shields coveted forest from mining
Sierra Leone has conferred protected national park status on a remote tract of forest that has attracted attention for its iron ore mining potential.
Gold backers seek higher dividends: JP Morgan
Most gold investors are looking for better dividends to be paid from available free cash flow, says JP Morgan Cazenove.
South Korean firm joins SA rare earth project
South Korea's state-run Korea Resources Corporation has reached a definitive agreement to take part in a large-scale rare earth element development project in South Africa.
Ghana tax hikes ‘deep concern’: Gold Fields
Gold Fields CEO Nick Holland says he is concerned about Ghana's move to increase corporate taxes on the mining sector to 35% from 25%.
Lonmin to raise workers’ pay by up to 10%
Lonmin says employees will receive pay rises and benefit improvements of up to 10%, depending on job grades, as part of a two-year wage agreement with NUM.
Anglo punts fuel cells as SA growth driver
South Africa has the potential to become a global leader in the development and manufacturing of fuel cell technology, says Anglo American CEO Cynthia Carroll.
MPRDA changes on hold for ANC mines plan
Draft versions of the amended Mineral and Petroleum Resources Development Act will not be finalised prior to the ANC National Policy Conference in June 2012.