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Zambia not keen on mine windfall tax

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Zambia will not re-introduce a mine windfall tax it abolished in 2009, says its Finance Minister.

Namibia clears Extract to build Husab

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Extract Resources has won a licence to develop its Husab uranium mine in Namibia, which could help push up the price a suitor may offer for the $2bn company.

Tiffany sales growth shows signs of slowing

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Concerns about slowing sales momentum took some of the luster off Tiffany & Co's stock amid signs that European and US economic distress are weighing on luxury consumers.

China aluminium capacity to rise 60% by 2015

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China's annual capacity of primary aluminium may rise by 60% in coming four years, says an industry official.

Collahuasi says plants working amid stoppage

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Chile's giant Collahuasi mine has confirmed workers on two shifts have downed tools at the world's No. 3 copper mine, adding that its plants were fully operational.

The return of Bernard Swanepoel

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Village Main Reef looks a high-risk, high-reward play that widows and orphans should avoid, but gold bugs could be attracted to like moths to a candle.

RBCT responds as Transnet ups pace

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Richards Bay Coal Terminal is expected to have seen sustained high performance from the oft-criticised Transnet with shipments set to exceed 6 million tonnes in November.

BHP Billiton wants out of diamonds

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BHP Billiton is looking to exit the diamond business as the contribution of the division to the overall performance of the group remains insignificant, with limited options available to grow.

Kumba workers reap big payout

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Kumba Iron Ore says that over 6,200 of its employees will reap a R576,045 payout in December as part of an "empowerment" plan aimed at non-managers.

Sierra Leone to post mining revenues online

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Sierra Leone will soon launch a public website to detail mining revenues in an effort to ensure that an expected resource bonanza is handled transparently, officials say.