Rand may test R7.50 level
The rand has weakened against the dollar and looks set to hit a new year low above R7.50/dollar.
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.
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.
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.
Macozoma: beneficiation needs power surety
Abundant electricity and clarity on the costs thereof are prerequisites for the formation of downstream beneficiation industries, says Tshipi e Ntle chair Saki Macozoma.
Rock driller loses life at Ezulwini
A rock drill operator has lost his life at First Uranium Corp.'s Ezulwini mine, the company announced.
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.