Namibia blasts Glencore over fuel deal
A contract between Glencore and Namibia’s petroleum parastatal Namcor has masked the Swiss company’s aim to take over the country’s oil industry, reports The Namibian.
James Campbell takes over at Rockwell
African Diamonds ex-MD James Campbell has been appointed the new CEO of Rockwell Diamonds, where he will immediately have to convince investors to plough more money into the company.
Exxaro to sell coal properties for cash
Exxaro Resources wants cash for three Mpumalanga coal deposits, which it has decided are too small to be developed by the group.
IPO unlikely, says Namdeb
An initial public offering for Namdeb Diamond Corp is not on the cards, says the group's financial manager.
Implats, Angloplat in indigenisation talks
Angloplat and Implats are cooperating with Zimbabwe on proposals to sell majority shares in their local operations to locals, says a government minister.
Gold One again under ASX spotlight
The Australian Stock Exchange has for the third time in as many months queried Gold One International on the company’s share trades and corporate activities.
DiamondCorp starts mining at Lace
DiamondCorp is mining a 30,000t bulk ore sample from its Lace mine in the Free State, after the new decline shaft intersected the kimberlite pipe at a depth of 260m.
Lonmin doubles profit, confirms guidance
Lonmin says operating profit more than doubled to $144m in the first half and confirmed sales guidance for 2011, despite an increase in safety stoppages.
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.
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.