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.
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.
Metorex sets up next DRC project
Metorex more than doubled profits in the six months to June which should please new
owners Jinchuan whose bid for the company was overwhelmingly accepted by
shareholders on Friday.
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.
Miranda sack Nel from board
Upheaval continues at Miranda Mineral Holdings with non-executive director, Ron Nel, a former CEO of the company, removed from the board amid controversy.
Impala locked in Zim discussions
Impala Platinum remained in talks with the Zimbabwe government about requirements to transfer a 51% stake in its Zimbabwe unit Zimplats to local blacks.
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
CRG may be forced to close mine
Central Rand Gold (CRG) may have to close its mine as early as next week after a government order, the Sunday Times reported, citing Bheki Khumalo, spokesman for the Department of Mineral Resources.
Peru to present mining royalty bill in 2 weeks
Peru's new leftist government plans to send a closely watched proposal to increase mining royalties to Congress in the next two weeks, says the country's finance minister.
Metorex sees delisting before year-end
Metorex is expecting November 25 to be its last day of trade on the JSE before it is taken over by Chinese metals group Jinchuan.