Gem to spend $85m on Gope mine
Gem Diamonds has cut the first phase cost of the Gope mine to $85m by going for an underground operation via a decline shaft, instead of developing a traditional open pit mine.
Diversified miners rake it in
Particularly pleasing aspects of the latest financial reporting season are the excellent performances from South Africa’s diversified miners African Rainbow Minerals and Exxaro Resources.
Japan’s steelmakers halt output
Key Japanese steelmakers have stopped production at some plants as the country imposed power cuts to cope with the devastation brought by a massive earthquake and tsunami.
Japan explosions blast uranium shares
JSE-listed uranium miners have taken a beating following two explosions at Japan’s Fukushima reactor, which have raised fears over future nuclear energy demand.
African Eagle shares on erratic path
Recent erratic movements in the African Eagle share price on the JSE can be attributed to lack of trading liquidity in South Africa compared with the company's main London listing.
Perky output may fire up Gold One
An imminent rerating may add some spice to Gold One International’s lacklustre share price performance, following a promising production update by the company.
Manuel in new controversy
A beleaguered Trevor Manuel may face a further backlash after calling the ArcelorMittal empowerment deal, which benefits those close to President Jacob Zuma, "the ugliest face of BEE'.
Are the Bakubung the biggest losers?
The stake of the poor Bakubung tribe in Wesizwe Platinum has diminished substantially since it originally owned 33% of the company in 2004.
Zim firms favour 26% local ownership
Zimbabwe's mining firms will be comfortable with selling stakes of 26% to local owners under a state plan that aims to eventually transfer majority control, the head of the mining chamber says.
AEMFC ‘special favours’ law to be repealed
Mines Minister Susan Shabangu has approved the withdrawal of some special regulatory exemptions previously granted to state miner AEMFC.