MIC portfolio shows strong growth
The Mineworkers Investment Company has grown its investment portfolion from R1.2bn to R2.2bn during its past financial year.
Vale boosts Moatize coal output target
Brazilian mining giant Vale has raised its initial production target for the Moatize mine in Mozambique by 76% and expects to quadruple that result in 2012.
First Quantum to repay $224m to Zambian fiscus
First Quantum Minerals has agreed to pay Zambia $224m in tax arrears by Friday, says a senior government official.
Wescoal clobbered by write-offs
Wescoal lost R43.7m in the year to March as it took a string of write-offs and impairment charges in its accounts.
Shanduka finds a new suitor
Shanduka Resources' dumping of Sentula has coincided with an announcement by ASX-listed Continental Coal over a "landmark" empowerment transaction.
Gold Fields in $60m loan with Stanbic Ghana
Stanbic Bank Ghana says it has closed a $60m senior revolving loan with Gold Fields' operations in the country.
Village to sell non-core First Uranium stake
Village Main Reef has confirmed its intention to discard the 26% stake in First Uranium it obtained through the acquisition of Simmer & Jack.
BEE ‘failure’ triggers nationalisation calls
Impala Platinum CEO David Brown says miners' inability to meet empowerment targets may be the reason behind the calls for greater state control in the industry.
Acid water to cost fiscus more than R1bn
Government will need over R1bn to deal with acid mine drainage on the Witwatersrand, while a business plan for its strategy will be ready in July.
Nogxina exits with parting shot
The mining industry has brought the nationalisation debate upon themselves, says outgoing director general of mineral resources Sandile Nogxina.