Kumba’s Zim to start new steel firm
Lazarus Zim, the former chair of Kumba Iron Ore, says he has resigned from the board of the Anglo American subsidiary to start a new steel firm and avoid the potential of a conflict of interest.
Tata Steel ‘to sell SA assets’
Tata Steel is in talks to sell its South African assets to raise more than $150m, reports the Economic Times.
Searching gold on the ocean’s bottom
At the surface of the Atlantic Ocean, on the West Coast of South Africa, there is gold. How much is still unknown - and whether it would make economic sense to exploit it.
Acid water containment measures mooted
A team of experts has prepared a report for the cabinet with recommendations on how to contain the problem of acid mine water.
Grace Mugabe sues over WikiLeaks
Zimbabwe President Robert Mugabe's wife is suing a newspaper for $15m for publishing a Wikileaks cable saying she benefited from illicit diamond trade, reports state media.
Nkwe embarks on rights fightback
Nkwe Platinum says it will prove its security of title over the Bushveld Complex projects, as a legal bid starts to clarify land ownership of the properties in question.
Wesizwe Platinum back on track
Wesizwe Platinum shares have responded positively to the news that a proposed takeover deal with a Chinese consortium has been confirmed.
BHP, unions settle Hillside labour dispute
BHP Billiton Aluminium has reached a salary agreement with workers to end a strike at its Richards Bay unit, says the company.
Aurora granted more time to secure funds
Aurora Empowerment Systems has been given until the end of February to produce funding guarantees to buy assets of the financially stricken Pamodzi Gold.
JP Morgan denies LME copper ‘buy-out’
US investment bank JPMorgan says it does not hold more than 90% of copper stock warrants in London Metal Exchange warehouses, but has declined to comment on whether it has a smaller position.