SA half-year gold output stable
South African gold production for the first six months of this year was only 1% down on output for the corresponding period last year, the Chamber of Mines said.
Eskom, Transnet to keep public service role
Transnet and Eskom would not be restructured, nor placed in private hands, said public enterprises minister, Malusi Gigaba.
Firestone raises R12.6m in share issue
Firestone Energy has issued 9.6% of its share capital and ceded rights to underground gasification on tenements owned by it and Sekoko Resources in an effort to further fund its Smitspan project.
Sallies gets approval for $2.8m loan
Shareholders in Sallies approved $2.8m loan to help bolster the recommissioning of its Witkop mine.
Village declares Lesego to be shallower
Village said it had intersected platinum group metals at its 77%-held Lesego platinum prospect at some 700m, almost half the initial estimated depth of the resource.
Congo mining must be more transparent – IMF
Democratic Republic of Congo could exceed a forecast 6.5% economic growth in 2011 but must do more to increase transparency in the mining sector, the IMF said
NUM settles with ARM, Anglo Platinum
South Africa's National Union of Mineworkers (NUM) said on Monday it has reached a one-year wage deal with African Rainbow Minerals' Nkomati nickel mine.
Namakwa may get $30m credit back
Namakwa Diamonds, which owns Africa’s largest undeveloped diamond mine, is in discussions with its lender to reinstate a $30m credit line.
Motsepe SA’s richest man
Patrice Motsepe, executive chairperson of African Rainbow Minerals, is officially South Africa's Mr Moneybags.
Rio Tinto to sell out of Palabora
Rio Tinto's retreat from South Africa continues with the news that it will sell its controlling stake in copper producer Palabora after getting rid of its Chapudi coal project last year.