IDC begins funding Waterberg coal project
The IDC has commenced funding the development of the Waterberg coal project by approving the first drawdown of the facility by Sekoko Resources, says project partner Firestone Energy.
Investors score as Kumba ups dividend
Kumba Iron Ore has declared a record interim dividend as higher export iron ore prices more than made up for weather-related production losses.
Kumba eyes West Africa for growth
Kumba Iron Ore says it will again look at West Africa for expansion, aiming to source up to 20 million tonnes of ore from the region by 2020.
Gold hovers around $1,600, eyes euro zone summit
Spot gold is trading around $1,600, with investors waiting for the outcome of a euro zone summit on Greece's debt crisis, while concerns around the US debt ceiling talks continue to support sentiment.
Politicians ‘lack will’ on acid mine water
There is no political will to deal with the acid mine water problem, says the CEO of the Federation for a Sustainable Environment.
Lonmin maintains production forecast
Lonmin is sticking to its revised annual production guidance of 720,000oz of platinum, despite a string of operational problems that hit the June quarter output.
Coal workers want ‘reasonable’ offer
At the start of wage negotiations in the coal sector, unions demand a 14% wage hike, while firms offer 5%.
Merafe expects sharp drop in earnings
Ferrochrome producer Merafe Resources expects sharply lower earnings for the six months to June and is cutting back production because of current weaker market conditions.
Metorex output stays flat
Copper producer Metorex has said first-half copper output rose 1% compared with the preceding six-months, while production of cobalt fell 6%.