Shanduka prepares to widen its reach
Negative sentiment towards SA has kept the valuation of good mining assets in check,
says Shanduka Resources.
Poll, indigenisation weigh on Zimbabwe miners
Regulatory uncertainty will continue to weigh heavily on investor sentiment in
Zimbabwe this year, amid the advancement of indigenisation and looming elections.
Barclays sees copper prices averaging $9,000
Barclays Capital expects copper prices to rise by around 10% from current levels, while gold prices are projected to climb above $2,000 an ounce by the third quarter.
Gold Fields says 2011 output totals 3.49m oz
Gold Fields says its attributable production for the 2011 financial year is expected to be 3.49 million ounces.
Gold may end long bull-run, says GFMS
Gold may reach a record high above $2,000 an ounce in late 2012 or early 2013, but the precious metal is nearing the end of a decade-long run, says metals consultancy GFMS.
Rio Tinto’s iron ore output flattens out
Rio Tinto has reported near-flat production growth of iron ore for the fourth quarter, weaker than some market expectations amid concerns that Chinese demand is softening.
Forbes Coal posts revenue increase
Forbes & Manhattan Coal, which has listings in Toronto and Johannesburg, has reported a 245% increase in revenue year-on-year for the quarter to end-November 2011.
Miranda set to announce resolution
Miranda Minerals is hoping to draw a line under shareholder in-fighting that almost took the company to bankruptcy.
Watchdog explains ruling on Petmin’s SamQuarz
Allowing the sale of Petmin’s SamQuarz silica mine to Thaba Chueu will enable the buyer to control the critical input of its downstream competitors, says the Competition Commission.
Anglo ordered to release Mitsubishi contract
Anglo American is on the back foot in its dispute with Codelco as a Chilean court orders it to release the sale contract signed with Mitsubishi over a stake in Anglo American Sur.