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CIC Energy looks for new buyer

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CIC Energy has ended its takeover arrangement with Indian group JSW Energy after a final completion deadline was missed, and is now looking for an alternative buyer.

Chamber praises mining minister

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The Chamber of Mines has lauded Mining Minister Susan Shabangu's "depth of understanding" and sophisticated proposals in her budget vote.

DMR’s beneficiation plan takes shape

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Tax incentives and promises to prioritise infrastructure form part of government’s strategy to attract buy-in for the state’s proposed mineral beneficiation plan, says Mines Minister Susan Shabangu.

Xstrata upbeat over commodities outlook

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Xstrata is confident in the medium- and long-term outlook for commodity markets, says CEO Mick Davis.

State seeks to revive Alexkor

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State-owned diamond miner Alexkor is once again on the lookout for new mining ventures, says a senior government official.

Sentula sees improved performance

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Sentula Mining is expecting to report a rise in full-year earnings, and also sees better margins in its current financial year.

Govt aims to break diamond dealers’ hold

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The state is looking to sidestep the grip of SA’s major polished diamond wholesalers on the local beneficiator industry by exploiting foreign legislation.

Big boost for Mozambican port

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Mozambique's Ports Development Company has announced a $1bn investment over the next 20 years to improve infrastructure at the country's main port.

Aurora assets to be audited for sale

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The assets of mines owned by the stricken Aurora group are being inspected and sale negotiations opened.

Aquarius Platinum cans Blue Ridge

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Aquarius Platinum is to put its Blue Ridge mine on care and maintenance because of low rand platinum prices and will instead focus on development of Booysendal South.