Copper crashes to lowest since 2010
Copper has crashed below the psychological $8,000/tonne level, as economic fears escalate on news of a manufacturing contraction in China combined with a grim outlook for the US economy.
Production disruption at Village’s Cons Murch
Village Main Reef says it has started a process to dismiss employees that have been participating in unprotected strike action at its Consolidated Murchison mine in Limpopo.
Gold weakens on dollar rally
Spot gold has slipped under the weight of a rallying dollar, after falling more than 1% in the previous session, when the US Federal Reserve offered a grim economic outlook.
Tanzania in $3bn Chinese coal, iron ore deal
China's Sichuan Hongda has signed a $3bn deal with Tanzania to mine coal and iron ore in the resource-rich east African country, says local media.
DiamondCorp confident over fundraising
DiamondCorp will need to raise more funds within the next 12 months to continue with the development of its Lace mine in the Free State.
Buy platinum metal, not the shares – JP Morgan
Investors should go for physical platinum and palladium in the short-term as the platinum mining companies battle operational headwinds, according to JP Morgan Cazenove.
Rand off lows but still vulnerable
The rand has bounced from a two-year low against the dollar, but is still under pressure a day after recording its biggest daily fall since October 2008.
Gold Fields’ Philippine mine to cost up to $2bn
Gold Fields may invest up to $2bn to develop a gold and copper prospect in the Philippines, says a government official, although the company maintains it is far too early for such estimates.
Petmin increases pig iron project investment
PETMIN has announced details of a $25m investment in its Canadian iron sands and pig iron joint venture project.
All that glitters is not just gold, say CEOs
Prices for silver are expected to strongly rise due to a worsening economic landscape, mining CEOs say, with some predicting a price of $50/oz within six months.