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Majali found dead in hotel room – report

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BUSINESS mogul Sandile Majali has been found dead at the Sandton Quatermain Hotel, reports Moneyweb.

White Water posts interim loss

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White Water Resources says it will continue to reduce the operational costs of the group.

All that glistens isn’t gold

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Humble silver, copper and some other commodities kicked dust in the eyes of the gold bulls in 2010.

Ivory Coast, Loulo hit Randgold output

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Randgold Resources says its fourth-quarter production will be negatively hit by the impact of the political tension in Ivory Coast and a below-target contribution from its Loulo project in Mali.

Still time to buy SA gold shares

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South African gold shares are a buy despite the strong rand and continued steep increases in mines’ working costs.

Rio Tinto goes for Riversdale

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Rio Tinto is bidding for Riversdale Mining and has already secured options over 14.9% of the firm, but it could face stiff opposition from India's Tata Steel.

Chile to sell utilities stakes, help Codelco

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Chile will sell its stakes in four water utilities, valued at $1.6bn, and may use the proceeds to help finance investments in state mining giant Codelco, says a government official.

Shaft Sinkers lists in London

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SA-based Shaft Sinkers Holdings, which builds infrastructure for underground mines, has listed in London so it can expand in India and the region surrounding Russia.

Some Aurora workers remain unpaid

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A total of R800,000 has been paid towards the salaries of some Aurora Grootvlei miners from Springs, says the department of labour.

Coal and diamonds should do well in 2011

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It's looking good for export thermal coal and rough diamonds in the new year, according to RBC Capital Markets, but the firm is more cautious on the prospects for nickel.