Home News Page 1198

News

R4.2bn manganese smelter to boost Coega

0
The Coega Industrial Development Zone has received a major boost, with the announcement of a R4.2bn rand investment for the construction of a manganese smelter plant.

Vavi hits out at Zuma’s nephew

0
Cosatu head Zwelinzima Vavi has severely criticised President Jacob Zuma's nephew Khulubuse Zuma, co-owner of Aurora Mines, for donating election money to the ANC instead of paying his workers.

Amsa reports sharp profit drop

0
ArcelorMittal South Africa has reported a sharp drop in first-quarter profit, but says it expects improvement in the next three months.

Hedge-free AngloGold sees cash coming in

0
AngloGold Ashanti is starting to benefit from the closure of its hedge book, while its production figures have stayed intact despite torrential rainfall.

Namibia blasts Glencore over fuel deal

0
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.

Namibia gives clarity on mine permits

0
Namibia's mines minister has confirmed that a policy to grant future mining rights to a state-owned firm will not impact existing mining and exploration licences.

DiamondCorp starts mining at Lace

0
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.

IPO unlikely, says Namdeb

0
An initial public offering for Namdeb Diamond Corp is not on the cards, says the group's financial manager.

Gold One again under ASX spotlight

0
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.

Implats, Angloplat in indigenisation talks

0
Angloplat and Implats are cooperating with Zimbabwe on proposals to sell majority shares in their local operations to locals, says a government minister.