Mittal calls for rethink on ore pricing
The mining industry has to consider allowing steelmakers to buy part of their iron ore needs using annual pricing contracts, says ArcelorMittal.
Gold One reiterates 2011 target
Gold One International has confirmed its 2011 production guidance at 120,000 gold ounces.
Iron ore trading at half-year highs
Iron ore prices have steadied near six-month highs, supported by fewer Indian supplies and demand from Chinese steel mills.
Wits Gold posts loss increase
Exploration group Witwatersrand Consolidated Resources has increased its interim loss.
SA ‘on right track with mines audit’
Cleaning up South Africa's scandal-tainted mining sector is no easy task but a six-month government audit of existing mineral licences is a welcome start, says AngloGold CEO Mark Cutifani.
Gold One allays output fears
Gold One International, often criticised for tinkering with its forecast figures, will not miss its 120,000oz target in 2011, says CEO Neal Froneman.
CoAL in $75m deal for Rio Tinto’s Chapudi
Coal of Africa has agreed to buy the Chapudi exploration project in Limpopo from joint venture partners Rio Tinto and Kwezi Mining for $75m.
Rio triples 2011 capex
Global miner Rio Tinto is to increase its capital spending to $11bn in 2011 as it expands its lucrative iron ore mines.
Union wants Sars to probe Aurora
Trade union Solidarity has asked the South African Revenue Service to investigate alleged mismanagement of funds by Aurora Empowerment Systems.
Randgold’s Bristow makes Africa pledge
Randgold Resources has no plans to change its Africa-focused business model and is not tempted by the lure of South American deposits, says its CEO.