Australia warns ‘no rivers of gold mining’
Australia is facing a mining boom with greater challenges and fewer rewards, Treasurer Wayne Swan says, warning there will not be "rivers of gold" like earlier commodities rushes.
Harmony exposed to corporate action
Harmony CEO Graham Briggs believes his group is undervalued and exposed to corporate action, should a predator be lured by the rich pickings in the Wafi-Golpu project.
CSN sells Riversdale stake
Brazilian steelmaker CSN has struck a deal to sell its 19.9% stake in Mozambican-focused coal miner Riversdale to Rio Tinto for $830m.
Harmony’s Masimong mine to reopen today
Harmony Gold says its Masimong mine will reopen on Wednesday after it was shut last Thursday when a worker was killed in a locomotive accident.
Namibia eyes mining sector growth
Namibia expects investment of $3.5bn in its mining sector over the next five years, with the industry accounting for 15% of its economic output, says a minister.
Zimbabwe bans chrome exports
Zimbabwe has banned the export of chrome as it looks to build internal refinery capacity, according to a senior government official.
Iamgold says Burkina Faso mine not hit by unrest
Iamgold says operations at its Essakane mine in Burkina Faso are not affected by riots in the southern part of the West African nation.
DRDGOLD output falls, plans Blyvoor sale
DRDGOLD says its output has fallen as expected in the March quarter, while headline earnings rose because of a deferred tax credit.
DRDGOLD lets go of alter ego
DRDGOLD has nailed its colours to the mast, saying it will focus solely on low-cost operations and shed the last remnant of its erstwhile reputation as a leveraged gold miner.
Prospecting licence moratorium lifted
An eight-month moratorium on the granting of prospecting licences has been lifted in all provinces except Mpumulanga, Minerals and Resources minister Susan Shabangu says.