Namibia approves Gold One deal
A deal to secure a major Chinese shareholder was a step closer for Gold One today after Namibia gave the thumbs up to proposed transaction.
SA half-year gold output stable
South African gold production for the first six months of this year was only 1% down on output for the corresponding period last year, the Chamber of Mines said.
Mugabe stands firm on indigenisation
Platinum and diamond miners hoping for wriggle room in indigenisation talks with Zimbabwe were reminded by the country's president there would be no change in the policy.
Eskom, Transnet to keep public service role
Transnet and Eskom would not be restructured, nor placed in private hands, said public enterprises minister, Malusi Gigaba.
Firestone raises R12.6m in share issue
Firestone Energy has issued 9.6% of its share capital and ceded rights to underground gasification on tenements owned by it and Sekoko Resources in an effort to further fund its Smitspan project.
Metorex sets up next DRC project
Metorex more than doubled profits in the six months to June which should please new
owners Jinchuan whose bid for the company was overwhelmingly accepted by
shareholders on Friday.
Miranda sack Nel from board
Upheaval continues at Miranda Mineral Holdings with non-executive director, Ron Nel, a former CEO of the company, removed from the board amid controversy.
Congo mining must be more transparent – IMF
Democratic Republic of Congo could exceed a forecast 6.5% economic growth in 2011 but must do more to increase transparency in the mining sector, the IMF said
Impala locked in Zim discussions
Impala Platinum remained in talks with the Zimbabwe government about requirements to transfer a 51% stake in its Zimbabwe unit Zimplats to local blacks.
NUM settles with ARM, Anglo Platinum
South Africa's National Union of Mineworkers (NUM) said on Monday it has reached a one-year wage deal with African Rainbow Minerals' Nkomati nickel mine.