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Coal strike kicks off

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Workers in the coal industry have embarked on a countrywide strike, warning of "serious implications" for the economy if their demands were not met.

Jimmy Manyi put forward as minerals DG

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Speculation is rife in government circles that cabinet spokesperson Jimmy Manyi may be in line to be appointed the new director general of mineral resources.

Amplats battles on costs and safety

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Profits are up and Anglo American Platinum has declared an interim dividend of R5 per share, but it's clearly tough going at the platinum mining face.

RBPlat expects lower Heps

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Royal Bafokeng Platinum says headline earnings per share have declined in the first half.

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.

Namibia proposes mining tax hike

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Namibia plans to raise its mining tax by 17% to boost revenue, but the hike will not apply to the diamond sector, says the ministry of finance.

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.

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.

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.

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.