State-owned Alexkor posts operating profit
State-owned diamond miner Alexkor has posted its first gross operating profit in five years, says Deputy Public Enterprises Minister Ben Martins.
IFM loss widens on strong rand
International Ferro Metals has reported a wider full-year loss, hurt by lower ferrochrome sales volumes and a strengthening rand.
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.
Petra upbeat on diamond fundamentals
Petra Diamonds says the diamond market may face some choppy waters for the foreseeable future, but that industry fundamentals will continue to support record prices.
AngloGold aims 5km down to unlock ounces
AngloGold Ashanti aims to use new technology to go 5km below the surface, saying it is on the edge of a major shift in the way people think about underground mining.
First Quantum says court upholds DRC claim
First Quantum Minerals says a court has upheld its claim against the cancellation of its Kolwezi tailings project in Democratic Republic of Congo.
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.
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.
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.