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Namibia’s state miner pockets key rights

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Namibia's government has awarded its state-owned mining company "exclusive exploration and mining' rights to a host of strategic minerals, according to a news report.

Miners to submit regular safety reports

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The department of mineral resources will require boards of mining companies to submit quarterly reports on health and safety, parliament hears.

Rains hit Anglo hard

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Anglo American has stuck to its production targets despite a first quarter that saw floods and heavy rains hampering output, with coal output from its Australian operations down by over a third.

AngloPlat keeps target despite output drop

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UPDATED: Anglo Platinum has kept its full-year production target, despite a 5% fall in first-quarter output attributed to safety stoppages.

Kumba output hit by excessive rainfall

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Kumba Iron Ore has reported a 23% decline in quarterly production, hit by excessive rainfall at all operations.

Nkwe, rival told to kiss and make up

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Nkwe Platinum will be forced to sit down and talk with its court rival over prospecting rights on a farm it lost in a Constitutional Court judgment last year.

Shanduka takes over Sentula

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Cyril Ramaphosa's unlisted mining group Shanduka Resources is to list its coal assets on the JSE through a takeover of Sentula Mining, which will be renamed Shanduka Mining.

Namibia eyes mining sector growth

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Namibia expects investment of $3.5bn in its mining sector over the next five years, with the industry accounting for 15% of its economic output, says a minister.

Gold powers above $1,500

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Gold has rallied above $1,500 an ounce for the first time, extending a run of record highs as investors seeks to hedge growing inflation risks and buy into a broad commodities rally.

CSN sells Riversdale stake

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Brazilian steelmaker CSN has struck a deal to sell its 19.9% stake in Mozambican-focused coal miner Riversdale to Rio Tinto for $830m.