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Vavi: Aurora debacle greed at its best

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Aurora Empowerment Systems encapsulates capitalism at its worst and greed at its best, says Cosatu general secretary Zwelinzima Vavi.

Uranium prices set to recover

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The uranium market will remain in deficit until 2020 and prices will start to recover in the second half of this year, according to a research report by RBC Capital Markets.

Guinea eyes bigger mines stakes, tougher rules

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Guinea's new mining code will give the state a free 15% stake in projects with an option to acquire another 20%, according to a draft report.

Minmetals admits defeat to Barrick on Equinox

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China's Minmetals Resources has bowed out of the battle for copper miner Equinox Minerals, saying Barrick Gold Corp's C$7.3bn bid is too rich.

Another obligation to hit Zim miners

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Zimbabwe is considering legislation to force miners to fund development in local communities, reports a local newspaper.

Gold One gains steam on takeover talk

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Gold One International’s share price rally is gaining momentum as the market awaits news of a full-scale takeover of the gold junior.

Rio reaches accord with Guinea over Simandou

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Rio Tinto says it will pay the government of Guinea $700m after reaching an agreement to resolve all outstanding disputes over its Simandou iron ore project.

Shanduka takes over Sentula

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Cyril Ramaphosa's unlisted mining group Shanduka Resources is to list its coal assets on the JSE through a takeover of Sentula Mining, which will be renamed Shanduka Mining.

Kumba output hit by excessive rainfall

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Kumba Iron Ore has reported a 23% decline in quarterly production, hit by excessive rainfall at all operations.

AngloPlat keeps target despite output drop

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UPDATED: Anglo Platinum has kept its full-year production target, despite a 5% fall in first-quarter output attributed to safety stoppages.