MPs seek clarity on BEE milestones
Parliament has asked the Chamber of Mines to explain how the industry’s assessment of BEE compliance differs so vastly from government’s conclusions.
Merafe Q3 output down
Merafe Resources has reported a 18% drop in third quarter production as weaker markets and scheduled maintenance see the company operating at just above half its capacity.
Pallinghurst share price woes continue
The share prices of Pallinghurst and two of its key operating arms remain stubbornly depressed, forcing management into remedial actions like share buy-backs and additional listings.
Rio Tinto approves $1.3bn for Simandou
Rio Tinto has approved an additional $1.3bn of funding for its Simandou iron ore project in Guinea, pressing ahead with plans that will see the first shipment of ore by mid-2015.
Forbes Coal doubles export sales
Forbes Coal has a more than doubling of export sales in the second quarter of its financial year.
Phoenix starts cold commissioning
Pan African Resources says it has commenced with the cold commissioning of the Phoenix platinum tailings plant.
Aquarius’ Blue Ridge may be up for sale
It seems various potential buyers may be sniffing around Aquarius Platinum's mothballed Blue Ridge mine, despite worsening operating conditions for the sector.
Rio’s tax to boost Guinea’s infrastructure
Guinea will use 35% of a $700m windfall from Rio Tinto to rebuild the mineral-rich West African nation's broken infrastructure, says a Guinean official.
Ownership rule too stringent, says Tsvangirai
Zimbabwe's local ownership rules for foreign mining companies are too stringent, says Prime Minister Morgan Tsvangirai.
Rio Tinto in major retreat from aluminium
Rio Tinto is putting an estimated $8bn worth of aluminium assets up for sale across six countries, only four years after buying aluminium giant Alcan for $38bn.