Union, gold firms resume wage talks
The National Union of Mineworkers hopes to secure a 14% pay increase when it meets gold mining industry representatives in further salary talks, says a senior official.
Vale’s the only offer, says Metorex
Metorex says it has still received no firm offer from any party other than Brazil's Vale, which has made a $1.1bn offer for it.
Mantra eyes uranium mine inside Unesco site
Mantra Resources plans to build a $400m uranium mine inside a world heritage game reserve in Tanzania within the next three years, says a cabinet minister.
Carroll hits out over taxes, nationalisation
Governments in mineral-rich countries must steer clear of the "blind alleys" of nationalisation and excessive tax if they want to attract continued investment from global miners, says Anglo American CEO Cynthia Carroll.
SA gold output falls
Gold output during the first quarter of this year has fallen 9.3% compared to the fourth quarter of 2010, says the Chamber of Mines.
MIC portfolio shows strong growth
The Mineworkers Investment Company has grown its investment portfolion from R1.2bn to R2.2bn during its past financial year.
Vale boosts Moatize coal output target
Brazilian mining giant Vale has raised its initial production target for the Moatize mine in Mozambique by 76% and expects to quadruple that result in 2012.
Gold Fields in $60m loan with Stanbic Ghana
Stanbic Bank Ghana says it has closed a $60m senior revolving loan with Gold Fields' operations in the country.
Village to sell non-core First Uranium stake
Village Main Reef has confirmed its intention to discard the 26% stake in First Uranium it obtained through the acquisition of Simmer & Jack.
Wescoal clobbered by write-offs
Wescoal lost R43.7m in the year to March as it took a string of write-offs and impairment charges in its accounts.