Petra Diamonds profit dips, sees volatile prices
Petra Diamonds says core profit has fallen 5.4% in the year to end-June as higher rough diamond prices outweighs a decline in production and rising costs.
State-owned Alexkor posts operating profit
State-owned diamond miner Alexkor has posted its first gross operating profit in five years, says Deputy Public Enterprises Minister Ben Martins.
Kasukuwere ‘sailing close to the wind’
Is Saviour Kasukuwere the doppelganger he presents to South Africa's own Julius Malema?
Petra upbeat on diamond fundamentals
Petra Diamonds says the diamond market may face some choppy waters for the foreseeable future, but that industry fundamentals will continue to support record prices.
Cutifani sees gold at $2,200/oz in 2012
The CEO of AngloGold Ashanti says he expects gold prices to hit $2,200 an ounce by next year and hints the firm may boost its dividend.
Mwana Africa’s Zimbabwe output tops target
Mwana Africa's Zimbabwe mine output has risen to a monthly average of 4,500 ounces, outstripping its targeted annual production rate.
NUM says wage talks with Implats falter
The National Union of Mineworkers says separate wage talks with Exxaro Resources and Impala Platinum have deadlocked but strike action was not imminent.
Gold heads for biggest weekly drop since ’09
Gold has slipped more than one percent, heading for its biggest weekly drop since March 2009.
SA to build new nuclear power plants
Energy Minister Dipuo Peters says she has signed off on a proposal for new nuclear energy plants which is to be sent to the cabinet soon.
DMR ‘withdraws’ Mine Waste Solutions right
First Uranium shares have lost almost 15%, following an announcement that subsidiary Mine Waste Solutions’ mining right has been withdrawn.