Home News Page 1203

News

Shabangu considers new coal allocations

0
Final word on which BEE coal company will get what allocation in terms of the revised Quattro coal export scheme is now awaited from Minister of Mineral Resources Susan Shabangu.

Marcus appeals to nationalisation backers

0
Those proposing nationalisation should leave ideology out of it and need to judge how efficient state-controlled companies are, says SA Reserve Bank governor Gill Marcus.

Central Rand Gold to shut down

0
Central Rand Gold is to halt underground mining operations but will reassess its prospects by the end of October.

Harmony cut costs at Hidden Valley

0
Harmony Gold says it has cut costs at the Hidden Valley mine in Papua New Guinea, though it also experienced unscheduled "mechanical downtime" on an ore conveyer.

First Uranium ‘to pay’ Simmers debt

0
The settlement of Simmers’ R155m Absa notes may be one of the first new purposes envisaged by Bernard Swanepoel for the gold junior’s 25% stake in First Uranium.

Rio content with lesser stake in Riversdale

0
Rio Tinto has lowered the acceptance condition on its A$3.9bn offer for Riversdale Mining after entering into talks with a major backer of the Mozambican miner.

Mugabe comments hit platinum miners

0
Shares in platinum miners with operations in Zimbabwe plunged after President Robert Mugabe said he would press on with plans to sell 51% of foreign firms to locals.

Deadline moved for online mines system

0
The department of mineral resources has been given two more weeks to test a new online system for prospecting and mineral rights says the mineral resources minister.

Copper falls on China demand concerns

0
Copper prices pared back gains, pressured by fresh worries about near-term Chinese demand for industrial raw materials.

Zimbabwe gets heavy on indigenisation

0
The publication of a timetable for Zimbabwean mining indigenisation has put the cat among the platinum pigeons, with Impala and Aquarius investors running for cover.