Rio secures more than 49% of Riversdale
Global miner Rio Tinto says it has beaten its target of acquiring 47% of Riversdale ahead of the deadline for its takeover offer.
Eskom in talks with Vunene on coal deal
Power utility Eskom say it is in talks with Vunene Mining to secure a five-year coal supply deal for its Camden power station.
Metorex in the spotlight
There is market speculation in Johannesburg around an imminent takeover bid for copper producer Metorex, amid news that its COO has quit.
Chinese pay top dollar for marginal assets
A Chinese firm appears to be paying an exorbitant amount for highly marginal gold assets that Harmony was happy to sell last year at a fraction of the price to current owner Taung Gold.
DRDGOLD output down, costs climb
Gold miner DRDGOLD expects its quarterly gold production to be about 3% lower, while costs will be some 6% higher.
China snaps up SA gold firm
Chinese firm Wing Hing International says it has acquired 87% of Taung Gold in a multi-billion rand deal.
Liquidators warn Aurora – again
Aurora has to prove it has made progress in finding investors for the Pamodzi mine or face being kicked out of the deal, says liquidator Enver Motala.
Metorex copper output up 8%
Metorex increased production despite seasonally high rainfall and the installation of a new modified transformer at Ruashi.
Gold One output jumps 21%
The increase in gold production at Gold One was largely due to development at Modder East.
Jubilee to acquire chrome ore company
Mining exploration and development company Jubilee Platinum has unveiled plans to acquire a firm that treats chrome ore in the platinum-rich western Bushveld.