Beneficiation not optional in new MPRDA
Government may force the mining sector to participate in beneficiation, at least as far as the supply of raw materials are concerned, according to policy proposals.
De Beers SA sees 6.5 mln carats for 2011
De Beers expects its SA business to produce 6.5 million carats in 2011, a million less than 2010 as the effects of mine disposals filter down, says the division's CEO.
Terms to be attached to mining licences
Mining licences will in future be granted with attached conditions, to ensure a supply of raw material for local industries seeking to further refine, or beneficiate, the extracted minerals, MPs hear.
First Uranium enters deal with Vulisango
First Uranium has entered into a R400,000 per month consulting contract with BEE group Vulisango Holdings.
Randgold Resources lowers output target
Randgold Resources has revised its full year production downwards after abnormal rainfall in Mali impacted on production.
Glencore buys into Optimum Coal
Optimum Coal says that a unit of Glencore International, the world's largest commodity trader, has bought a 14.1% stake in it.
ANC Youth League braces for leader’s trial
The ANC Youth League is planning to support its leader Julius Malema, who has galvanised legions of poor black supporters, at a disciplinary hearing this week that may lead to his suspension.
DRDGold writes down Blyvoor
DRDGold has removed Blyvoor mine from its balance sheet; a move which CEO Niel Pretorius says isn't an indication that the distressed asset will be shut down soon.
Num condemns Lonmin community deal
Lonmin's agreement to employ only locals at its Marikana mine in Bapong promotes xenophobia, says the National Union of Mineworkers.
Sarb swoops on Mzi Khumalo’s assets
Mining magnate Mzi Khumalo has finally been hit with a R1bn order of forfeiture by the Reserve Bank for flouting exchange control laws.