Strike, stoppages cane Northam earnings
Northam Platinum says safety related stoppages and a prolonged strike at the beginning of its financial year will hit the group's interim earnings by between 58% and 74%.
Some Aurora workers remain unpaid
A total of R800,000 has been paid towards the salaries of some Aurora Grootvlei miners from Springs, says the department of labour.
Coal and diamonds should do well in 2011
It's looking good for export thermal coal and rough diamonds in the new year, according to RBC Capital Markets, but the firm is more cautious on the prospects for nickel.
Copper soars to record on ETF buys
Copper prices have charged to an all-time high as shipment delays and robust prospects further fuelled demand from investors, who have started buying into a new exchange fund.
Indian consortium mulls Riversdale bid
An Indian consortium of state-run companies is considering a bid for a stake in Riversdale Mining as the country steps up its search for African coal assets.
Indian steel firm seeks SA base – report
India’s second-largest producer of steel is considering building a plant in SA if government agrees to grant iron ore and coking coal mining permits, reports Bloomberg.
Newcrest halts Ivory Coast, Indonesia mines
Newcrest Mining has put work at its Bonikro gold mine in Ivory Coast on ice and moved mine management to Ghana amid election tensions in the region.
Major coal deal imminent in Mozambique
Riversdale Mining has requested a suspension in trading of its shares on the Australian Stock Exchange, as a takeover bid for the company is seemingly under way.
Australian miners score tax concession
Australia's biggest mining groups may have won a long-running battle against Prime Minister Julia Gillard after a tax panel recommended the government pick up future state royalty payments under its tax reform package.
Kumba’s Zim to start new steel firm
Lazarus Zim, the former chair of Kumba Iron Ore, says he has resigned from the board of the Anglo American subsidiary to start a new steel firm and avoid the potential of a conflict of interest.