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Russian firms to invest in SA rare metals

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Two Russian firms have reportedly agreed to participate in government's planned R15bn rare metals processing complex.

Gold Fields output disappoints

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Gold Fields has blamed its lower quarterly production on the Christmas break.

Govt plans to profit from rare metals

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Government reportedly plans to establish a R15bn plant to process rare metals, which are used in cell phones, flat-screen TVs and microwaves.

Keaton’s Eskom contract extended

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Coal exploration and development company Keaton Energy says its contract with power utility Eskom had been extended.

Aurora to appear before MPs

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Liquidator Enver Motala says he and Aurora will give parliament's mineral resources committee an overview of what is happening with Pamodzi's gold mines.

Harmony says bond could help fund Wafi-Golpu

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Harmony says a bond issue is an option to finance development of its project in Papua New Guinea.

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.

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.

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.