Gold hovers around $1,600, eyes euro zone summit
Spot gold is trading around $1,600, with investors waiting for the outcome of a euro zone summit on Greece's debt crisis, while concerns around the US debt ceiling talks continue to support sentiment.
IDC begins funding Waterberg coal project
The IDC has commenced funding the development of the Waterberg coal project by approving the first drawdown of the facility by Sekoko Resources, says project partner Firestone Energy.
Politicians ‘lack will’ on acid mine water
There is no political will to deal with the acid mine water problem, says the CEO of the Federation for a Sustainable Environment.
Investors score as Kumba ups dividend
Kumba Iron Ore has declared a record interim dividend as higher export iron ore prices more than made up for weather-related production losses.
Kumba eyes West Africa for growth
Kumba Iron Ore says it will again look at West Africa for expansion, aiming to source up to 20 million tonnes of ore from the region by 2020.
Coal workers want ‘reasonable’ offer
At the start of wage negotiations in the coal sector, unions demand a 14% wage hike, while firms offer 5%.
Zimbabwe rejects all indigenisation proposals
Zimbabwe has rejected all 175 local ownernship proposals it received from foreign mining companies.
Coal law could benefit SA exporters
Draft legislation in Indonesia could prove very profitable for South African coal exporters seeking to export lower quality coal to India and China.
Flooding continues to impact BHP Billiton
BHP Billiton has reported a bigger-than-expected quarterly jump in metallurgical coal production from flood-hit eastern Australia.