Namibia proposes mining tax hike
Namibia plans to raise its mining tax by 17% to boost revenue, but the hike will not apply to the diamond sector, says the ministry of finance.
AngloGold takes up major First Uranium stake
Village Main Reef has sold the majority of the 26% stake it held in First Uranium to AngloGold Ashanti for R205m.
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.
Lonmin maintains production forecast
Lonmin is sticking to its revised annual production guidance of 720,000oz of platinum, despite a string of operational problems that hit the June quarter output.
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.
Zimbabwe rejects all indigenisation proposals
Zimbabwe has rejected all 175 local ownernship proposals it received from foreign mining companies.
Rockwell trims fundraising target
Rockwell Diamonds has scaled down its plans to raise C$35.3m in new funds, opting to aim for $20m instead.