Kasukuwere ‘sailing close to the wind’
Is Saviour Kasukuwere the doppelganger he presents to South Africa's own Julius Malema?
State-owned Alexkor posts operating profit
State-owned diamond miner Alexkor has posted its first gross operating profit in five years, says Deputy Public Enterprises Minister Ben Martins.
CoAL wants lower rail tariffs
Transnet is doing a good job on increasing coal railages to Maputo, but tariffs have to drop to make further expansions viable, according to CoAL CEO John Wallington.
IFM loss widens on strong rand
International Ferro Metals has reported a wider full-year loss, hurt by lower ferrochrome sales volumes and a strengthening rand.
Cutifani sees gold at $2,200/oz in 2012
The CEO of AngloGold Ashanti says he expects gold prices to hit $2,200 an ounce by next year and hints the firm may boost its dividend.
Petra upbeat on diamond fundamentals
Petra Diamonds says the diamond market may face some choppy waters for the foreseeable future, but that industry fundamentals will continue to support record prices.
Mwana Africa’s Zimbabwe output tops target
Mwana Africa's Zimbabwe mine output has risen to a monthly average of 4,500 ounces, outstripping its targeted annual production rate.
NUM says wage talks with Implats falter
The National Union of Mineworkers says separate wage talks with Exxaro Resources and Impala Platinum have deadlocked but strike action was not imminent.
Base Resources’ Kenya titanium project funded
BASE Resources says it has secured funds for its Kenyan titanium project and expects to commence operations next month.
Gold heads for biggest weekly drop since ’09
Gold has slipped more than one percent, heading for its biggest weekly drop since March 2009.