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De Beers strike starts

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The National Union of Mineworkers' members at diamond producer De Beers Consolidated Mines has started a strike after wage talks failed, says a union official.

AngloGold takes up major First Uranium stake

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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

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There is no political will to deal with the acid mine water problem, says the CEO of the Federation for a Sustainable Environment.

Gold hovers around $1,600, eyes euro zone summit

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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

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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.

Investors score as Kumba ups dividend

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Kumba Iron Ore has declared a record interim dividend as higher export iron ore prices more than made up for weather-related production losses.

Lonmin maintains production forecast

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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.

Kumba eyes West Africa for growth

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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.

Strike to hit power supply

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A new strike in the coal sector may hit electricity production.

Rockwell trims fundraising target

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Rockwell Diamonds has scaled down its plans to raise C$35.3m in new funds, opting to aim for $20m instead.