Amsa reports sharp profit drop
ArcelorMittal South Africa has reported a sharp drop in first-quarter profit, but says it expects improvement in the next three months.
AngloGold Ashanti dives into Eritrea
AngloGold Ashanti reckons Eritrea may turn out to be another Colombia for the group in terms of successful gold exploration.
Vavi hits out at Zuma’s nephew
Cosatu head Zwelinzima Vavi has severely criticised President Jacob Zuma's nephew Khulubuse Zuma, co-owner of Aurora Mines, for donating election money to the ANC instead of paying his workers.
Namibia gives clarity on mine permits
Namibia's mines minister has confirmed that a policy to grant future mining rights to a state-owned firm will not impact existing mining and exploration licences.
Hedge-free AngloGold sees cash coming in
AngloGold Ashanti is starting to benefit from the closure of its hedge book, while its production figures have stayed intact despite torrential rainfall.
Namibia blasts Glencore over fuel deal
A contract between Glencore and Namibia’s petroleum parastatal Namcor has masked the Swiss company’s aim to take over the country’s oil industry, reports The Namibian.
Exxaro to sell coal properties for cash
Exxaro Resources wants cash for three Mpumalanga coal deposits, which it has decided are too small to be developed by the group.
DiamondCorp starts mining at Lace
DiamondCorp is mining a 30,000t bulk ore sample from its Lace mine in the Free State, after the new decline shaft intersected the kimberlite pipe at a depth of 260m.
IPO unlikely, says Namdeb
An initial public offering for Namdeb Diamond Corp is not on the cards, says the group's financial manager.
Gold One again under ASX spotlight
The Australian Stock Exchange has for the third time in as many months queried Gold One International on the company’s share trades and corporate activities.