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Davies unapologetic about steel stance

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Trade and Industry Minister Rob Davies again maintained a tough stand against steel producers, saying the government is unhappy with their prices.

Rio secures more than 49% of Riversdale

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Global miner Rio Tinto says it has beaten its target of acquiring 47% of Riversdale ahead of the deadline for its takeover offer.

Eskom in talks with Vunene on coal deal

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Power utility Eskom say it is in talks with Vunene Mining to secure a five-year coal supply deal for its Camden power station.

Chinese pay top dollar for marginal assets

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A Chinese firm appears to be paying an exorbitant amount for highly marginal gold assets that Harmony was happy to sell last year at a fraction of the price to current owner Taung Gold.

DRDGOLD output down, costs climb

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Gold miner DRDGOLD expects its quarterly gold production to be about 3% lower, while costs will be some 6% higher.

Metorex in the spotlight

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There is market speculation in Johannesburg around an imminent takeover bid for copper producer Metorex, amid news that its COO has quit.

Acid water blamed on mine liquidators

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Liquidators of two mines on the East Rand have fought back after being accused of contributing to environmental damage.

China snaps up SA gold firm

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Chinese firm Wing Hing International says it has acquired 87% of Taung Gold in a multi-billion rand deal.

Liquidators warn Aurora – again

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Aurora has to prove it has made progress in finding investors for the Pamodzi mine or face being kicked out of the deal, says liquidator Enver Motala.

Metorex copper output up 8%

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Metorex increased production despite seasonally high rainfall and the installation of a new modified transformer at Ruashi.