Brimstone buys into Galaxy Gold
Holdings group Brimstone Investment Corporation has taken a 10% stake in Galaxy Gold, saying it is "testing the water' prior to further forays in the resources sector.
Optimum Coal expects earnings boost
Optimum Coal says its full year earnings will improve by between 71% and 78%.
Zimplats in ownership talks with government
Impala Platinum's Zimbabwe unit, Zimplats, says it is in talks with the government over its rejected black empowerment plan.
Gold retreats as worries subside
Gold has fallen more than 1% to $1,874.39, as worries over a possible recession retreated.
BHP’s tender offer to acquire Petrohawk completed
BHP Billiton has advised that all conditions to acquire the outstanding shares of Petrohawk Energy Corporation for $38.75 per share have been satisfied.
Paladin secures uranium sales agreement
Uranium miner Paladin Energy has signed a series of term uranium sales agreements for output from the Langer Heinrich Stage 3 expansion in the Namib Desert.
Aquarius confirms Mimosa’s plan rejected
Aquarius Platinum says its proposed plan for the indigenisation of Zimbabwean subsidiary, Mimosa, has been rejected by authorities.
Gold soars to near $1,900/oz
Spot gold has surged more than 1% to a third consecutive all-time high, as investors flee to the safety of bullion amid fears of another US recession and the euro zone's debt crisis.
Gold headed for $2,400, say experts
Gold is headed for $2,400, according to gold analyst Martin Murenbeeld, while Paul Walker reports from Chennai that Indians are buying the metal like there's no tomorrow.
Anglo weighing counter offer for Macarthur
Anglo American is contemplating a bid for Australia's Macarthur Coal that will challenge US coal company Peabody Energy's earlier offer, according to a Bloomberg report.