Lonmin hits sales target, boosts earnings
Lonmin says earnings have risen 59%, despite a strike at its Karee operations that forced it to cut output targets and drove up unit costs.
Harmony ‘not ready’ to sell PNG assets
Harmony Gold says it has received a number of proposals from parties interested in acquiring its assets in Papua New Guinea, but it is not ready to sell.
Lonmin thinking twice about growth plans
Lonmin says its growth investment strategy is not set in stone, saying it will rethink its target of a 950,000oz production profile if market conditions deteriorate.
Northam gets R1bn credit facility
Northam has entered into a R1bn five-year revolving credit facility agreement with Nedbank.
De Beers, Zim diamond feud gets nasty
De Beers says it left its operations in Zimbabwe because the deposits did not meet the company’s expectations, but the group is facing lawsuit threats from that government.
ANC slams Sexwale’s testimony
The ANC's national disciplinary committee has slammed the testimony provided by Human Settlements Minister Tokyo Sexwale at ANCYL leader Julius Malema's disciplinary hearing.
Codelco says an Anglo suit could last years
Codelco's looming legal battle with Anglo American may take three to four years to be resolved, says Codelco chief Diego Hernandez.
SA economy needs coal policy: Manuel
Trevor Manuel, chairman of the National Planning Commission, has urged development of a coal policy to help speed SA's economy, and said the mineral would remain central to the country's growth.
DRDGold’s Blyvoor out of financial distress
DRDGold's Blyvoor underground mine was deemed to be out of financial distress, a judgement that opens the way for Village Main's all-scrip offer unveiled earlier this week.
Glencore to buy Mercuria stake
Glencore, the Swiss trading house, has entered into an agreement to buy Mercuria Energy Asset Management's 5% stake in Optimum Coal Holdings.