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Zim poised for billion dollar diamond sale

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Zimbabwe's state coffers are poised for a huge cash injection as 4.5 million carats of diamonds, worth up to $1.7bn according to the government, go on sale in the capital Harare.

Eastplats takes a knock

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Eastern Platinum has been hit by lower production and sharply higher costs after it dismissed a quarter of its production crews in May because of poor safety compliance.

Great Basin narrows June quarter loss

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Great Basin Gold reported a narrowing in year-on-year losses for the June quarter and said its flagship South African mine, Burnstone, would reach commercial production in September.

Rossing South sixth largest on upgrade

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Extract Resources has announced a resource upgrade that moves its Rossing South property among the top six global uranium deposits by contained metal.

Eskom contracts independent power producers

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ESKOM has contracted five independent power producers to commission privately generated electricity to boost its energy supply.

Lonmin to get base metal rights

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Lonmin was likely to receive approval to sell base metals over areas it successfully received mining licence conversions several years ago, a government official says.

ArcelorMittal buys Imperial Crown Trading

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ArcelorMittal has agreed to buy Imperial Crown Trading for R800m in what could be viewed as a desperate attempt to recover the mining rights it lost in Kumba's Sishen iron ore mine.

No major Northam earnings fluctuations

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Platinum producer Northam Platinum expects its full year earnings per share and headline earnings per share to be between 170 and 190 cents.

Work stops on CoAL’s Vele mine

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Development work on Coal of Africa's Vele coking coal mine in Limpopo Province has been stopped while the company negotiates with the Department of Environmental Affairs

Uranium One lifts output target

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Uranium One upgrades its annual production guidance to seven million pounds amid a year-on-year improvement in June quarter financial results.