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.
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.
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.
Sallies gets approval for $2.8m loan
Shareholders in Sallies approved $2.8m loan to help bolster the recommissioning of its Witkop mine.
Impala locked in Zim discussions
Impala Platinum remained in talks with the Zimbabwe government about requirements to transfer a 51% stake in its Zimbabwe unit Zimplats to local blacks.
Namakwa may get $30m credit back
Namakwa Diamonds, which owns Africa’s largest undeveloped diamond mine, is in discussions with its lender to reinstate a $30m credit line.
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.
Miranda sack Nel from board
Upheaval continues at Miranda Mineral Holdings with non-executive director, Ron Nel, a former CEO of the company, removed from the board amid controversy.
Congo mining must be more transparent – IMF
Democratic Republic of Congo could exceed a forecast 6.5% economic growth in 2011 but must do more to increase transparency in the mining sector, the IMF said
Rio Tinto to sell out of Palabora
Rio Tinto's retreat from South Africa continues with the news that it will sell its controlling stake in copper producer Palabora after getting rid of its Chapudi coal project last year.