Mittal to spin off stainless steel unit
ArcelorMittal has finalised details of a spin-off of its stainless steel division, which may spark consolidation in a sector burdened by over-capacity.
Mittal plans to list stainless steel unit
ArcelorMittal plans to list its stainless steel division in the first quarter of next year, according to a report.
Xstrata dismisses Glencore bid rumours
Xstrata has never been approached by its biggest shareholder, Glencore, with a merger proposal, says CEO Mick Davis.
Keaton sells first coal from Vanggatfontein
Keaton Energy has sold the first coal from its Vanggatfontein colliery, where successful development of both production phases will be crucial in reviving the company's flagging share price.
DiamondCorp raises more money for Lace
Fund raisings by Firestone Diamonds and now DiamondCorp indicate investor sentiment towards the diamond mining sector is improving, which is good news for DiamondCorp.
Xstrata capex up 50%
Xstrata plans to increase spending on new mines by about 50% next year to $6.8bn as the mining group keeps its main focus on organic growth rather than acquisitions.
Aurora: scores of illegal miners nabbed
Hundreds of illegal miners have been arrested at the Aurora Grootvlei Mine in Springs, police say.
Nkwe shrugs off non-disclosure claims
Nkwe Platinum has dismissed suggestions that the group has been less than frank with shareholders over the legal disputes and administrative uncertainties it faces.
Silver to stay one up on gold
As silver climbs above $30 an ounce for the first time since 1980, traders and analysts are cautiously bullish about its ability to keep outperforming gold.
Wescoal granted Vlaklaagte right
Wescoal Holdings says its subsidiary Wescoal Exploration has been awarded a new order prospecting right over certain portions of the farm Vlaklaagte 330JS.