Politicians ‘lack will’ on acid mine water
There is no political will to deal with the acid mine water problem, says the CEO of the Federation for a Sustainable Environment.
Gold hovers around $1,600, eyes euro zone summit
Spot gold is trading around $1,600, with investors waiting for the outcome of a euro zone summit on Greece's debt crisis, while concerns around the US debt ceiling talks continue to support sentiment.
Coal workers want ‘reasonable’ offer
At the start of wage negotiations in the coal sector, unions demand a 14% wage hike, while firms offer 5%.
Zimbabwe rejects all indigenisation proposals
Zimbabwe has rejected all 175 local ownernship proposals it received from foreign mining companies.
Flooding continues to impact BHP Billiton
BHP Billiton has reported a bigger-than-expected quarterly jump in metallurgical coal production from flood-hit eastern Australia.
Coal law could benefit SA exporters
Draft legislation in Indonesia could prove very profitable for South African coal exporters seeking to export lower quality coal to India and China.
Metorex output stays flat
Copper producer Metorex has said first-half copper output rose 1% compared with the preceding six-months, while production of cobalt fell 6%.
Rockwell trims fundraising target
Rockwell Diamonds has scaled down its plans to raise C$35.3m in new funds, opting to aim for $20m instead.
Merafe expects sharp drop in earnings
Ferrochrome producer Merafe Resources expects sharply lower earnings for the six months to June and is cutting back production because of current weaker market conditions.