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Mugabe stands firm on indigenisation

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Platinum and diamond miners hoping for wriggle room in indigenisation talks with Zimbabwe were reminded by the country's president there would be no change in the policy.

Eskom, Transnet to keep public service role

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Transnet and Eskom would not be restructured, nor placed in private hands, said public enterprises minister, Malusi Gigaba.

Sallies gets approval for $2.8m loan

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Shareholders in Sallies approved $2.8m loan to help bolster the recommissioning of its Witkop mine.

Firestone raises R12.6m in share issue

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Firestone Energy has issued 9.6% of its share capital and ceded rights to underground gasification on tenements owned by it and Sekoko Resources in an effort to further fund its Smitspan project.

Miranda sack Nel from board

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Upheaval continues at Miranda Mineral Holdings with non-executive director, Ron Nel, a former CEO of the company, removed from the board amid controversy.

Village declares Lesego to be shallower

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Village said it had intersected platinum group metals at its 77%-held Lesego platinum prospect at some 700m, almost half the initial estimated depth of the resource.

Congo mining must be more transparent – IMF

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Democratic Republic of Congo could exceed a forecast 6.5% economic growth in 2011 but must do more to increase transparency in the mining sector, the IMF said

NUM settles with ARM, Anglo Platinum

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South Africa's National Union of Mineworkers (NUM) said on Monday it has reached a one-year wage deal with African Rainbow Minerals' Nkomati nickel mine.

Motsepe SA’s richest man

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Patrice Motsepe, executive chairperson of African Rainbow Minerals, is officially South Africa's Mr Moneybags.

Rio Tinto to sell out of Palabora

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Rio Tinto's retreat from South Africa continues with the news that it will sell its controlling stake in copper producer Palabora after getting rid of its Chapudi coal project last year.