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Territory backs Noble offer

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Australian iron ore firm Territory Resources has recommended a A$132.6m takeover offer from Noble Group, which trumped an earlier offer from South Africa's Exxaro.

Glencore profits jump 45%

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Commodities trader Glencore has seen operating profit grow 45% in the first quarter as market volatility boosted its marketing arm and says it sees demand for commodities remaining healthy.

RBCT coal line re-opens

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Transnet Freight Rail has re-opened the coal export line - from Ermelo to Richards Bay - after a 20 day shutdown for maintenance and improvement.

Zim indigenisation laws ‘to carry on’

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The scathing attack by Zimbabwe’s parliament on the country’s indigenisation laws should not be interpreted as the end of the controversial legislation, says a mining industry official.

Tanzania sets out plan for super tax

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Tanzania will not unilaterally impose a proposed super profit tax on mining firms but will try to persuade existing firms to comply, says a senior government official.

Wage negotiations start for coal and gold

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The National Union of Mineworkers has started wage talks with the Chamber of Mines on the union's demand for a 14% rise in salaries from gold and coal miners.

Work on acid mine water underway

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Environmental officials are working to curb the potential dangers posed by the impact of acid mine drainage in the Witwatersrand mining area.

Num, Chamber to start talks on wages

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The National Union of Mineworkers is to begin official wage talks with the Chamber of Mines, with the union demanding a 14% wage increase, it says.

Tough times for PGM miners, despite outlook

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Platinum is the sector of South Africa’s mining industry generally held to have the best-looking future. But you wouldn’t know that judging by recent developments.

Gold slumps to three-week low

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Spot gold fell more than 1% as heavy losses in crude oil and other commodities prompted investors to sell gold.