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Petmin drives its diversification strategy

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Petmin has sold its Samquarz silica mine at a handsome profit as it diversifies into commodities such as iron ore and copper where chairman Ian Cockerill believes future profits lie.

Guinea to review mining contracts

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Unconscionable provisions in mining contracts conducted with Guinea's former government would be overturned in a comprehensive mining review announced by the country's mines minister.

BHP hits impasse with unions

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BHP Billiton faces more work stoppages at its coal mines in Australia after negotiations with a union had reached an impasse.

Pan African promises super dividends

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Pan African Resources has proposed to pay a 37.9% increase in dividend, with CEO Jan Nelson saying investors can expect more of the same in future.

Fight for Wesizwe cash heats up

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A state-appointed administrator has drafted a report which recommends that a lawsuit be instituted against the financial advisers of the Bakubung-ba-Ratheo community.

Jewellers, consumers seek gold alternative

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Silver, bronze, ebony and plastics are seeing greater use in jewellery as surging gold prices put off price-conscious consumers, say jewellery makers at an international trade fair.

Sasol cans Chinese CTL venture

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Sasol has brought the curtain down on a proposed $5bn coal-to-liquids joint venture project in China, citing delays in having the endeavour approved by the Chinese authorities.

Aurora firm provisionally liquidated

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A transport logistics company says it has been granted a provisional liquidation order against the company through which Aurora has managed Pamodzi Gold's Orkney assets.

Explosion at French nuclear site kills one

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A furnace has exploded at the Marcoule nuclear waste treatment site in southern France, killing one person.

SA economy sheds more jobs

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Another 49,306 jobs were lost in August, the fourth consecutive monthly decline, while only government created jobs, according to the latest Adcorp Employment Index.