KCM uncovers large pink diamond
Kimberley Consolidated Mining has announced that the subcontractor working on its Bo-Karoo mining site had recovered a 27 carat light pink diamond.
Gold unfazed over elections
The outcome of US mid-term elections will not have any direct impact on gold, but it may be positive for the dollar on hopes for more fiscal austerity.
Exxaro to cut down workforce
Exxaro Resources says up to 300 of its 10,500 workforce faced being retrenched in an effort to reduce costs and improve productivity at the diversified mining group.
Afripalm granted R1.3bn injection
Nedbank Capital says it has concluded a R1.3bn refinancing deal of Afripalm Resources.
Canada to impose tough terms on BHP
Canada is set to approve BHP Billiton's $39bn bid for Potash Corp, a newspaper reports, but it may impose onerous conditions which could threaten the world's biggest deal this year.
Chamber of Mines elects new office bearers
The Chamber of Mines has elected BHP Billiton SA chairperson Xolani Mkhwanazi as its new president.
African Diamonds, Lucara to proceed with AK6
African Diamonds and its joint venture partner Lucara Diamond Corp says they have decided to proceed with the development and construction of the AK6 diamond project in Botswana.
Nationalisation ‘will cost taxpayers’
Nationalised mines would have burdened South African taxpayers with R67bn in 2009, says outgoing Chamber of Mines president and Exxaro Resources CEO Sipho Nkosi.
Prospecting audit shows major breaches
UPDATED: The department of mineral resources says preliminary findings of an audit into prospecting licences are "not encouraging'.
Anglo Pt gains on cautionary
Shares in Anglo Platinum were 3.4% higher on Friday following news its was involved in negotiations that could have a material effect on its share price.