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Gold headed for $2,400, say experts

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Gold is headed for $2,400, according to gold analyst Martin Murenbeeld, while Paul Walker reports from Chennai that Indians are buying the metal like there's no tomorrow.

Anglo weighing counter offer for Macarthur

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Anglo American is contemplating a bid for Australia's Macarthur Coal that will challenge US coal company Peabody Energy's earlier offer, according to a Bloomberg report.

Shabangu calls for more women executives

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More women are needed in top positions in the mining industry, says Minerals Minister Susan Shabangu.

Gold a bubble that may deflate, says analyst

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Record gold prices may be heading for a correction of about 8 % next month, but the safe-haven metal may also rally to $2,400 an ounce next year, says an analyst.

Num rejects revised Implats pay offer

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The National Union of Mineworkers says its members at Impala Platinum have refused a revised pay rise offer from the company and will refer the dispute to arbitration.

Optimum Coal buys prospecting rights from BHP

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Optimum Coal has bought two prospecting rights from BHP Billiton in a move to boost its portfolio.

Harare ultimatum to foreign firms

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Zimbabwe has given foreign companies a 14-day ultimatum to submit "acceptable' plans on transferring majority stakes to locals or risk losing permits.

Record profits for Gem Diamonds

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Gem Diamonds earned record profits in the six months to end-June as prices for the top class diamonds it produces from the Letseng and Ellendale mines went through the roof.

Num explains its nationalisation stance

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The National Union of Mineworkers has reiterated its support for the nationalisation of mines, but says such a policy should be informed by the country’s developmental needs.

ANC charges Malema with sowing discord

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THE African National Congress has charged controversial youth leader Julius Malema with "sowing divisions" in its ranks and bringing the party into disrepute.