Gold One posts interim profit
Gold One International has reported a swing to an interim profit, from a loss, after it doubled its production and cashed in on a higher gold price.
Namibia’s diamond, uranium output down
Namibia's diamond output more than halved in the second quarter of this year to 208,000 carats as economic woes hit demand, financial group Capricorn Investment Holdings said on Tuesday.
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.
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.
First Uranium enters deal with Vulisango
First Uranium has entered into a R400,000 per month consulting contract with BEE group Vulisango Holdings.
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.
Randgold Resources lowers output target
Randgold Resources has revised its full year production downwards after abnormal rainfall in Mali impacted on production.
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.
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.
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.