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Zim mining body offers equity compromise

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Zimbabwe's mining industry has proposed that "social investments" count towards meeting new economic empowerment regulations for foreign mining firms.

Vale makes takeover offer for Metorex

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Brazil's Vale, the world's largest producer of iron ore, has made an offer to acquire Metorex for R7.5bn, the two companies said.

Gold Fields output disappoints

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Gold Fields has blamed its lower quarterly production on the Christmas break.

Gold surges to record on euro

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Gold has struck a record high as a weaker dollar and concerns about inflation sent investors piling into precious metals.

Russian firms to invest in SA rare metals

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Two Russian firms have reportedly agreed to participate in government's planned R15bn rare metals processing complex.

Govt plans to profit from rare metals

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Government reportedly plans to establish a R15bn plant to process rare metals, which are used in cell phones, flat-screen TVs and microwaves.

Aurora to appear before MPs

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Liquidator Enver Motala says he and Aurora will give parliament's mineral resources committee an overview of what is happening with Pamodzi's gold mines.

Harmony says bond could help fund Wafi-Golpu

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Harmony says a bond issue is an option to finance development of its project in Papua New Guinea.

Keaton’s Eskom contract extended

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Coal exploration and development company Keaton Energy says its contract with power utility Eskom had been extended.

China snaps up SA gold firm

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Chinese firm Wing Hing International says it has acquired 87% of Taung Gold in a multi-billion rand deal.