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Pleming to help launch global fund

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David Pleming, who carved a name for himself dominating the investment analyst rankings, is to help launch a US-domiciled hedge fund.

Amsa slips into Q3 loss

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ArcelorMittal SA has reported a third-quarter loss due to higher costs and lower steel prices, but says earnings in the following three months will improve

Amplats stops production to highlight safety

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Amplats is to halt production at all of its operations to highlight the importance of safety and to remember colleagues who have lost their lives.

Compromise on Marange diamonds ‘necessary’

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The US has agreed to a compromise allowing Zimbabwe to export diamonds, to prevent the paralysis of the global system for stopping trade in "blood diamonds", says its State Department.

CoAL to raise $100m via placing

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Coal of Africa says it plans to raise about $100m in a placing mainly to bring the Vele project into production and to complete the acquisition of Rio Tinto's Chapudi Coal project.

Curtain down on Xstrata coal strike

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Xstrata will receive empowerment credits if it distributes its planned ESOP evenly across all work levels in terms of a strike settlement brokered by government.

Randgold Q3 profit jumps to $122.9m

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Randgold Resources has posted a jump in third-quarter profit from the year earlier on an 80% surge in gold production and higher metal prices.

Anglo, MPs in face-off over BEE targets

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Anglo American’s Godrey Gomwe has told parliament the group has already reached a black ownership target of 26%, and that figures suggesting otherwise were calculated incorrectly.

CFM to upgrade Sena line by early 2013

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Mozambique's ports and railways company CFM expects to complete a refurbishment of the Sena rail line linking the Beira port with coal mines in the Tete province by early 2013.

Gecamines refuses to publish mining contracts

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Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts.