Home News Page 1101

News

Rand off lows but still vulnerable

0
The rand has bounced from a two-year low against the dollar, but is still under pressure a day after recording its biggest daily fall since October 2008.

Tanzania in $3bn Chinese coal, iron ore deal

0
China's Sichuan Hongda has signed a $3bn deal with Tanzania to mine coal and iron ore in the resource-rich east African country, says local media.

DiamondCorp confident over fundraising

0
DiamondCorp will need to raise more funds within the next 12 months to continue with the development of its Lace mine in the Free State.

Copper crashes to lowest since 2010

0
Copper has crashed below the psychological $8,000/tonne level, as economic fears escalate on news of a manufacturing contraction in China combined with a grim outlook for the US economy.

Zambia opposition ahead in presidential vote

0
Zambia's opposition leader Michael Sata has held on to his lead over incumbent Rupiah Banda, in the race to become the next president of Africa's biggest copper producer.

Gold weakens on dollar rally

0
Spot gold has slipped under the weight of a rallying dollar, after falling more than 1% in the previous session, when the US Federal Reserve offered a grim economic outlook.

‘King Cobra’ Sata leads Zambia election count

0
Opposition leader Michael Sata has taken a lead in Zambia's presidential election, with 10% of votes counted.

Production disruption at Village’s Cons Murch

0
Village Main Reef says it has started a process to dismiss employees that have been participating in unprotected strike action at its Consolidated Murchison mine in Limpopo.

Petmin increases pig iron project investment

0
PETMIN has announced details of a $25m investment in its Canadian iron sands and pig iron joint venture project.

Pallinghurst minds the gap as it targets LSE

0
The gap between Pallinghurst's share price and its net asset value has widened to around 50%, prompting chairman Brian Gilbertson to look at a listing in London to stimulate demand for the stock.