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CIC Energy looks for new buyer

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CIC Energy has ended its takeover arrangement with Indian group JSW Energy after a final completion deadline was missed, and is now looking for an alternative buyer.

Big boost for Mozambican port

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Mozambique's Ports Development Company has announced a $1bn investment over the next 20 years to improve infrastructure at the country's main port.

Aurora assets to be audited for sale

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The assets of mines owned by the stricken Aurora group are being inspected and sale negotiations opened.

State seeks to revive Alexkor

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State-owned diamond miner Alexkor is once again on the lookout for new mining ventures, says a senior government official.

Govt aims to break diamond dealers’ hold

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The state is looking to sidestep the grip of SA’s major polished diamond wholesalers on the local beneficiator industry by exploiting foreign legislation.

Germany won’t draw followers for nuclear plan

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A German plan to shut all nuclear reactors by 2022 is unlikely to inspire many imitators abroad, experts say.

Rockwell makes operating profit

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Rockwell Diamonds has returned to profitability, although actual production fell short of internal management targets during the year to end-February.

Platinum Australia faces tough situation

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Platinum Australia appears between a rock and a hard place given the labour unrest at Smokey Hills, which must perform at its best over the next two quarters to avoid a financial crunch.

Cyber attack warning for resource firms

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The Australian government says high-tech threats against resource and other firms are intensifying.

ArcelorMittal joins Kumba in fight against ICT

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ArcelorMittal SA has decided to join Kumba in its legal battle against Imperial Crown Trading.