Merafe FY ferrochrome output up 48 pct
Merafe Resources says its full-year ferrochrome output rose by 48%, after it restarted suspended furnaces following a upswing in demand.
Uranium One rides the nuclear wave
Uranium One shares hit a new 12-month high on Tuesday as the uranium spot price moved up to $70/lb but competitor First Uranium is headed south because of financial problems.
BHP, Rio investors want cash, not deals
Investors have written to BHP Billiton and Rio Tinto to say the miners should ditch ambitions for mega deals in favour of share buyback schemes, according to a report.
‘Closed offices’ barred ICT from files access
The DMR says it was impossible for Imperial Crown Trading to have gained access to its premises to forge Kumba's application for the 21.4% stake in Sishen, because staff were on holiday.
CoAL runs low on available cash
Coal of Africa is "assessing the various financing alternatives available" as negative cash flows eat into its working capital.
Gold One records maiden profit
Gold One International has reported a pre-tax annual profit well in excess of most predictions.
Posco, Vale in Mozambique coal JV
Posco, the world's No.3 steelmaker, says it has agreed with Brazilian group Vale to jointly seek to develop a coal mine in Mozambique.
Flooding halts Rockwell production
Rockwell Diamonds says its alluvial mining operations in the Northern Cape have been affected by the recent heavy rainfall and subsequent flooding.
Govt defends Kumba affidavit claims
The DMR has justified a tabled affidavit, which reportedly states Kumba Iron Ore has to sell heavily discounted iron ore to Imperial Crown Trading.
AngloGold shamed at Davos
AngloGold Ashanti has scooped the unwanted "Public Eye Award" for environmental and social "irresponsibility" on the sidelines of the World Economic Forum.