Rand shields Merafe from ferrochrome woes
The weaker rand is giving Merafe Resources some respite from the distressed
ferrochrome market, analysts say, while the company has also secured debt to
finance the Lion expansion project.
Anglo to face criminal probe in Chile
Chilean prosecutors have launched a criminal investigation into Anglo American's sale
of a 24.5% stake in a local subsidiary to Japan's Mitsubishi.
SA platinum in troubled waters
Anything less than an annual output of 2.6 million ounces from Anglo American
Platinum for 2011 will support the growing perception that SA's platinum industry is
headed for hard times.
SA less attractive to mining investors: SAIRR
SA has become significantly less attractive as a mining investment destination since 2006, says the SA Institute of Race Relations.
Shabangu to open Mining Indaba
Oranisers of the annual Investing in African Mining Indaba says the Minister of Mineral Resources, Susan Shabangu, will officially open the event.
Implats to fire 5,000 in unlawful strike
Impala Platinum says a strike by drill operators at its Rustenburg operations is illegal and it is to start laying them off.
Gold One, Gold Fields explore surface JV
Following a year of frenetic corporate activity at Gold One International, CEO Neal
Froneman has revealed his next play: a possible surface-operations joint venture with
Gold Fields.
NUM slams Impala’s 18% retention increase
Impala Platinum has raised the prospect that production at its Rustenburg mine will be
negatively affected for up to two weeks as it begins to dismiss 5,000 rock drill
operators.
IFM recovery exceeds expectations
Ferrochrome producer International Ferro Metals has taken another step towards
restoring investors’ faith, meeting key cost and production milestones as it seeks to
regain former highs.
Zimplats workers strike over power bills
WORKERS at Zimplats have gone on strike to force the company to pay for their personal electricity bills, partially hitting production.