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Mimosa gives 10% to Zimbabwe locals

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Zimbabwe's Mimosa mine, a JV between Impala Platinum and Aquarius, has given a 10% stake to locals, says a government minister.

Severstal takes control of Liberia iron project

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Severstal has said it reached an agreement to acquire the remaining 38.5% stake in the Putu iron ore project from Afferro for $65m, as well as possible future payments.

JSE index issues may hammer Amsa

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ArcelorMittal SA looks like it will be ejected from the FTSE/JSE Africa Top 40 index, but if its directors are losing sleep, it is more likely to be about the effects of two other factors.

Peru’s Humala tightens grip in Cabinet overhaul

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Peruvian President Ollanta Humala has sworn in a new team of ministers in a shake-up that may lead to harsher crackdowns on social protests.

Mwana Africa H1 loss narrows

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Mwana Africa has reported a narrower first-half loss, driven mainly by a jump in production at its Freda Rebecca gold mine in Zimbabwe.

ANC warms to Chile mines policy

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If a mining model based on the "Miracle of Chile' is pursued, ideological, financial and political compromises lie in the wake for South Africa's mining industry.

African Barrick Gold to miss 2011 output target

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African Barrick Gold says it will fall short of its 2011 production target because of escalating power disruptions to national grid electricity supply in Tanzania.

Rio Tinto a likely future partner at Husab

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Rio Tinto may enter into another partnership with a Chinese firm, this time in Namibia, where it may be the preferred participant as China swoops on another strategic asset.

JP Morgan warns over slumping platinum output

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JP Morgan Cazenove has sounded a warning over the negative impact on the platinum miners of falling production linked to increased safety inspections by the Department of Mineral Resources.

China Guangdong says Extract worth $2.2bn

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China Guangdong Nuclear Power Corp has valued its proposed offer for Australia's Extract Resources at $2.22bn, after agreeing to buy Kalahari Minerals, the top shareholder in Extract.