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IRP2 sinks major power project

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An Australian firm has abandoned plans to develop a 1,000MW coal-fired power station for SA, saying the draft Integrated Resource Plan will make the project unsustainable.

Oliphant: SA’s coal reserves declining

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The quality and quantity of SA's coal reserves are steadily declining and mining the commodity is becoming harder, says the new deputy minister for mineral resources.

Pink diamond sale shows market strength

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A rare pink diamond fetching $45.75m has virtually doubled the previous record to become the most expensive stone ever sold at auction.

Soros: conditions ‘pretty perfect’ for gold

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Billionaire investor and philanthropist George Soros says gold still has some kick to it, as long as conditions like low interest rates prevail.

NUM: Black elite behind nationalisation

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SA's biggest union, the National Union of Mineworkers, says the BEE elite may be funding the ANC Youth League to push the nationalisation agenda.

Union attacks mines body over deaths

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The Chamber of Mines is lying if it claims there has been an improvement on safety in mine, says the National Union of Mineworkers.

ANCYL scoffs at ‘independent’ research

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The ANC Youth League says it is not interested in independent views on the nationalisation of mines.

BHP not giving up on deals, has no regrets

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BHP Billiton has not given up on large acquisitions and does not regret spending $875m pursuing three massive deals that failed over the past two years, says its chairperson.

South Deep strike ‘hurts’ Gold Fields

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Gold Fields says the strike at its South Deep mine is having a "material impact' on production.

Rockwell content with diamond prices

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Rockwell Diamonds says it has achieved good prices during its most recent diamond sale.