Genesis accepts Xstrata’s Sphere offer
Global miner Xstrata are closer to succeeding in its takeover of iron ore prospector Sphere Minerals after Genesis Investment Management agreed to accept the offer.
Village on fundraising path
Village Main Reef is to ask shareholders for permission to raise up to R40m, to bolster cash reserves and finalise the acquisition of Consolidated Murchison.
Motsepe coins it
Africa Rainbow Minerals chairperson Patrice Motsepe earned almost 74% more during the group's 2010 financial year than in 2009, according to the company's annual report.
Zoellick: no gold standard, but role key
World Bank President Robert Zoellick is not advocating a return to a gold standard, but says the metal is the "the elephant in the room" that policymakers need to acknowledge.
Gold One upbeat on Modder East drilling
Gold One International says the results of its drilling programme at its flagship Modder East mine have confirmed an extension to the high grade shoreline.
Zoellick’s plan highlights dollar angst
World Bank President Robert Zoellick's call for a new global currency system with gold as a reference point highlights the depth of unease about a weakening dollar.
Indian firm takes over Zim steelmaker
India's Essar Group has won a bid to revive Zimbabwe's collapsed parastatal Zisco steelmaker, following a scramble for the shares of the beleagured firm.
Gold, silver extend record rally
Gold has risen to a record high for the fourth straight session, as inflation worries and euro zone sovereign debt woes continue to lure investors to precious metals.
Murray & Roberts to sell off steel unit
Construction group Murray & Roberts Holdings says it will close or dispose of underperforming units within its steel business.
Court to rule on Potash-BHP suit
A US court will rule on Potash Corp's request for a preliminary injunction against unsolicited suitor BHP Billiton, ahead of the November 18 deadline on the Anglo-Australian miner's $39bn tender offer.