Gold, silver poised for further growth
Speculators have recently been responsible for great volatility in commodity prices, but there is still room for further gains.
Namibia seeks bigger De Beers marine stake
Namibia's government will pay N$375m to increase its stake in De Beers' offshore operations, reports the Namibian Sun.
Anooraq Resources to restructure
Platinum junior Anooraq Resources is to restructure its operations with partner Anglo Platinum because of the rising financial pressure from its R2.5bn debt burden.
Impala posts output increase
Impala Platinum says the output of refined platinum has risen 9% in the nine months to the end of March.
First Uranium reaches ‘key’ milestone
First Uranium Corporation says its Ezulwini mine shaft moiling and upgrade program has made significant progress and as a result, a key production restraint has been removed.
Platmin’s output headaches carry on
Platmin says its target of achieving breakeven in 2011 at the Pilanesberg mine is not a sure thing, as the group’s struggles to attain adequate waste stripping volumes continue.
Another coal export mess looms
Coal export volumes through the Richards Bay terminal are running way below target as speculation mounts over Transnet's railage policy and whatever may be happening with the Quattro scheme.
Gold One to announce ‘landmark’ deal
Gold One International is set to announce a change of ownership as it halted the trading of its securities on both the Johannesburg and Australian stock exchanges.
Glencore to close IPO book early
Glencore will close the books for its planned $11bn initial public offering on May 17, a day ahead of the original schedule, underscoring strong demand for the offer.
Eastplats posts loss, mine damaged
Eastern Platinum has posted a quarterly loss on lower output and the company says its flagship Crocodile River Mine project is damaged following a wage dispute.