James Campbell takes over at Rockwell
African Diamonds ex-MD James Campbell has been appointed the new CEO of Rockwell Diamonds, where he will immediately have to convince investors to plough more money into the company.
R4.2bn manganese smelter to boost Coega
The Coega Industrial Development Zone has received a major boost, with the announcement of a R4.2bn rand investment for the construction of a manganese smelter plant.
Amsa reports sharp profit drop
ArcelorMittal South Africa has reported a sharp drop in first-quarter profit, but says it expects improvement in the next three months.
Hedge-free AngloGold sees cash coming in
AngloGold Ashanti is starting to benefit from the closure of its hedge book, while its production figures have stayed intact despite torrential rainfall.
Namibia blasts Glencore over fuel deal
A contract between Glencore and Namibia’s petroleum parastatal Namcor has masked the Swiss company’s aim to take over the country’s oil industry, reports The Namibian.
DiamondCorp starts mining at Lace
DiamondCorp is mining a 30,000t bulk ore sample from its Lace mine in the Free State, after the new decline shaft intersected the kimberlite pipe at a depth of 260m.
Gold One again under ASX spotlight
The Australian Stock Exchange has for the third time in as many months queried Gold One International on the company’s share trades and corporate activities.
IPO unlikely, says Namdeb
An initial public offering for Namdeb Diamond Corp is not on the cards, says the group's financial manager.
Implats, Angloplat in indigenisation talks
Angloplat and Implats are cooperating with Zimbabwe on proposals to sell majority shares in their local operations to locals, says a government minister.
Exxaro to sell coal properties for cash
Exxaro Resources wants cash for three Mpumalanga coal deposits, which it has decided are too small to be developed by the group.