GFMS: gold to breach $2,000 by year-end
Gold prices are likely to break through $2,000 an ounce by year-end to new record highs, says metals consultancy GFMS.
Pan African tipped for more gains
Pan African Holdings has posted share price gains of around 34% in 2011, following a 27% rise in 2010. Some may ask whether it is time to sell on a high.
Anglo to build $3bn Peru mine in 2012
Anglo America will start construction on its $3bn Quellaveco copper mine next year, says the company's Peru chief.
Sekoko in talks with ‘cornerstone’ investor
Sekoko Resources, in joint venture with Firestone Energy to develop coal in the Limpopo province's Waterberg, is in talks with multinational power company that could become a cornerstone shareholder.
Peru asks Congress to raise mining taxes
Peru's leftist government has presented a bill to Congress that aims to increase mining taxes to fund anti-poverty projects.
Gold Fields targets 1 mln oz in S. America
Gold Fields aims to produce one million ounces of the precious metal per year in South America by 2015, says the company's regional chief.
Egypt to invest in Rwanda power
Orascom Construction Industries plans to invest up to $130m in Rwanda in the next three to four years to build a methane power plant to produce 50 megawatts.
Rand slides on Euro nerves, poor growth
The rand slide to 7.4 against the dollar, a decline of 1.7% on Wednesday in nervous trade ahead of more European talks on Greece's debt and weakening domestic growth in South Africa.
Transnet rules out Saldanha for manganese
Transnet Freight Rail has dismissed using the Sishen-to-Saldanha railway line for the future transport of manganese ore, saying the line will be reserved for iron ore.
Sandvik predicts metals Q3 weakness
Swedish engineering firm Sandvik said metals prices would be weaker in the third quarter but generally the markets were in decent shape.