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.
Lonmin bucks downward trend
Lonmin shares have moved against the negative direction among platinum producers, following improved financials and a positive adjustment of its long-term forecast.
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.
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.
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.
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.
GFMS: wage talks won’t hurt platinum supply
The global supply of platinum is expected to rise slightly this year, with upcoming wage talks in South Africa not expected to have a big impact, says research firm GFMS.
Harmony falling short of target
Harmony Gold’s full-year production target seems to be out of reach after reporting a 2% quarterly output decrease.
Better days still ahead, says Briggs
Harmony Gold investors will have to be patient a little longer before the significant investments in the group’s growth assets start to deliver output and income growth.