Health claims may ‘wipe out’ miners
The risk of a litany of silicosis claims against the mining industry is a serious threat which could cripple the sector, say analysts at RBC Capital Markets.
Decision on Wild Coast mining imminent
A decision by Mineral Resources Minister Susan Shabangu is imminent on an appeal to stop her granting rights to mine titanium from sand dunes along a pristine stretch of the Wild Coast.
Optimum Coal issues Richards Bay plea
Transnet Freight Rail and the country’s coal producers have to find a way to exploit the full export potential of the Richards Bay Coal Terminal, says Optimum Coal CEO Mike Teke.
Lonmin doubles profit, confirms guidance
Lonmin says operating profit more than doubled to $144m in the first half and confirmed sales guidance for 2011, despite an increase in safety stoppages.
Vale opens Mozambican coal mine
Vale has opened a new $1.7bn coal mine in Mozambique, tapping the southern African country's thermal and coking coal reserves of around 23 billion tonnes.
Bloody, but unbowed bulls to charge again
The brutal selloff in commodity markets had no obvious trigger, and by the same token, there is no obvious reason why prices will not recover in the next few weeks or months.
Silver bounces from record fall, gold up
Silver has rebounded from its biggest one-day dollar fall since 1980, while gold also recovered as cheaper prices lured in Asian investors.
Hurdles may scupper Namaqualand deal
A proposed deal between Trans Hex and De Beers on Namaqualand Mines is subject to some conditions which may prove difficult to meet.
Platinum could breach $2,000, says GFMS
The platinum price could rise above $2,000/oz depending on investment demand for the metal, according to the latest GFMS survey of the platinum and palladium markets.
Rio Tinto cautious over volatility
Rio Tinto expects global markets to remain fragile in the near term and sees itself in a strong position to weather any turbulence, says its chairperson.