Zambian coal power plant construction to start
Singapore's Nava Bharat Pte plans to start construction of a 300MW coal-fired power plant in Zambia by the end of 2011 and complete it by 2014, says company director Ashwin Devineni.
Union, gold firms resume wage talks
The National Union of Mineworkers hopes to secure a 14% pay increase when it meets gold mining industry representatives in further salary talks, says a senior official.
Vale’s the only offer, says Metorex
Metorex says it has still received no firm offer from any party other than Brazil's Vale, which has made a $1.1bn offer for it.
Carroll hits out over taxes, nationalisation
Governments in mineral-rich countries must steer clear of the "blind alleys" of nationalisation and excessive tax if they want to attract continued investment from global miners, says Anglo American CEO Cynthia Carroll.
SA gold output falls
Gold output during the first quarter of this year has fallen 9.3% compared to the fourth quarter of 2010, says the Chamber of Mines.
Mantra eyes uranium mine inside Unesco site
Mantra Resources plans to build a $400m uranium mine inside a world heritage game reserve in Tanzania within the next three years, says a cabinet minister.
MIC portfolio shows strong growth
The Mineworkers Investment Company has grown its investment portfolion from R1.2bn to R2.2bn during its past financial year.
Vale boosts Moatize coal output target
Brazilian mining giant Vale has raised its initial production target for the Moatize mine in Mozambique by 76% and expects to quadruple that result in 2012.
Wescoal clobbered by write-offs
Wescoal lost R43.7m in the year to March as it took a string of write-offs and impairment charges in its accounts.
Shanduka finds a new suitor
Shanduka Resources' dumping of Sentula has coincided with an announcement by ASX-listed Continental Coal over a "landmark" empowerment transaction.