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Glencore unfazed over commodities falls

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Glencore International CEO Ivan Glasenberg says recent falls in commodity prices were due to "froth" in the market and that demand for the company's IPO remains strong.

Eastplats posts loss, mine damaged

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Eastern Platinum has posted a quarterly loss on lower output and the company says its flagship Crocodile River Mine project is damaged following a wage dispute.

Eastplats shares hit the skids

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Eastern Platinum’s share price has been punished as investor disappointment over woeful results were exacerbated by an ongoing and allegedly violent labour dispute.

AngloGold approves new BEE structure

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AngloGold Ashanti says shareholders have accepted the restructuring of its BEE share ownership transaction entered into in 2006.

Uranium One needs to find A$1bn

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Uranium One has up to two years to raise A$1bn to buy Mantra Resources from its Russian parent ARMZ, and will then invest more than $430m to build a new uranium mine in Tanzania.

Vavi hits out at Zuma’s nephew

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Cosatu head Zwelinzima Vavi has severely criticised President Jacob Zuma's nephew Khulubuse Zuma, co-owner of Aurora Mines, for donating election money to the ANC instead of paying his workers.

James Campbell takes over at Rockwell

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African Diamonds ex-MD James Campbell has been appointed the new CEO of Rockwell Diamonds, where he will immediately have to convince investors to plough more money into the company.

Namibia gives clarity on mine permits

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Namibia's mines minister has confirmed that a policy to grant future mining rights to a state-owned firm will not impact existing mining and exploration licences.

AngloGold Ashanti dives into Eritrea

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AngloGold Ashanti reckons Eritrea may turn out to be another Colombia for the group in terms of successful gold exploration.

Amsa to secure own iron ore mine

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UPDATED - ArcelorMittal SA raised the prospect of restarting its own mining division saying it was in negotiations to develop an iron ore mine.