Merafe expects sharp drop in earnings
Ferrochrome producer Merafe Resources expects sharply lower earnings for the six months to June and is cutting back production because of current weaker market conditions.
Coal workers want ‘reasonable’ offer
At the start of wage negotiations in the coal sector, unions demand a 14% wage hike, while firms offer 5%.
Metorex output stays flat
Copper producer Metorex has said first-half copper output rose 1% compared with the preceding six-months, while production of cobalt fell 6%.
Uranium find in India could be world’s largest
A huge deposit of uranium India has found in a southern state may turn out to be among the biggest reserves of the mineral in the world.
Gold poised for more gains
The price of gold hovered below its record high, on course for a 12th straight day of gains as global jitters fuel safe haven buying.
Gold Fields resumes Beatrix operations
Gold Fields has resumed operations at the No.3 shaft of its Beatrix mine, says a company spokesperson.
Petra Diamonds steams ahead
Petra Diamonds has delivered a trading update backing CEO Johan Dippenaar’s claim the company is one of the world’s leading diamond producers.
Eastplats disappoints yet again
Eastern Platinum has just reported its third consecutive quarter of falling production, which explains the slump in the share price so far this year.
IFM set to turn corner
International Ferro Metals remains on track to lower its cost base as it prepares to cash in on an expected increase in demand for stainless steel.