Genesis accepts Xstrata’s Sphere offer
Global miner Xstrata are closer to succeeding in its takeover of iron ore prospector Sphere Minerals after Genesis Investment Management agreed to accept the offer.
Village on fundraising path
Village Main Reef is to ask shareholders for permission to raise up to R40m, to bolster cash reserves and finalise the acquisition of Consolidated Murchison.
AngloGold net C$70m from B2Gold share sales
AngloGold Ashanti has realised net proceeds of C$70m from the sale of its entire holding in Vancouver-based gold producer B2Gold Corporation.
Zoellick’s plan highlights dollar angst
World Bank President Robert Zoellick's call for a new global currency system with gold as a reference point highlights the depth of unease about a weakening dollar.
Murray & Roberts to sell off steel unit
Construction group Murray & Roberts Holdings says it will close or dispose of underperforming units within its steel business.
Merafe sees strong growth in stainless steel
Merafe says its medium to long-term growth forecast for stainless steel remains strong, with production expected to reach record levels this year.
Indian firm takes over Zim steelmaker
India's Essar Group has won a bid to revive Zimbabwe's collapsed parastatal Zisco steelmaker, following a scramble for the shares of the beleagured firm.
Zimbabwe charges diamond firm ACR with fraud
Zimbabwe-focused African Consolidated Resources Plc has been charged with fraud and violating the country's precious stones laws, says the company.
Court to rule on Potash-BHP suit
A US court will rule on Potash Corp's request for a preliminary injunction against unsolicited suitor BHP Billiton, ahead of the November 18 deadline on the Anglo-Australian miner's $39bn tender offer.
Gold, silver extend record rally
Gold has risen to a record high for the fourth straight session, as inflation worries and euro zone sovereign debt woes continue to lure investors to precious metals.