Pan African to spin out Manica
Pan African Resources will list its Manica gold project separately to speed up development while it focusses on growing its core South African businesses.
Gold tops $1,850/oz
Gold has surged more than 1% to a record high above $1,850 an ounce, as investors reach for the safety of bullion amid a worsening economic outlook for the USA.
Kumba responds to Sishen right uncertainty
UPDATED: Kumba Iron Ore has drawn a line under any uncertainty over its 78.6% mining right in Sishen, arguing the right is secure in accordance with the MPRDA.
Northam battles unit, capital cost hikes
The Booysendal project will now cost R3.9bn in today's money terms forcing the platinum producer, troubled by poor geology and rising costs, to seek additional debt finance.
Shabangu worried about mine ‘carnage’
Mines Minister Susan Shabangu has described the mounting death toll in the country's mines as "carnage", saying there is a link between the pursuit of profits and the body count.
Bonanza payout for Exxaro workers
Exxaro Resources mineworkers stand to receive up to R117,000 each in November when the group's first broad-based employee share incentive scheme matures.
Chavez to nationalise Venezuelan gold industry
Venezuela will nationalise its gold industry and is moving its international reserves out of Western countries, says President Hugo Chavez.
Exxaro coins it from coal and mineral sands
Coal and heavy mineral sands paid off big-time for Exxaro Resources in the six months to end-June, along with the usual hefty contribution from its stake in Kumba's Sishen iron ore mine.
Optimum surges on deal prospects
Shares in Optimum Coal Holdings are on the charge following a cautionary announcement and expectations it would add assets to its porfolio.
Namibia makes u-turn on mining taxes
The Namibian government has backed down from far-reaching mining tax proposals, saying it will meet revenue targets when the industry is allowed to flourish.