R4.2bn manganese smelter to boost Coega
The Coega Industrial Development Zone has received a major boost, with the announcement of a R4.2bn rand investment for the construction of a manganese smelter plant.
Uranium One needs to find A$1bn
Uranium One has up to two years to raise A$1bn to buy Mantra Resources from its Russian parent ARMZ, and will then invest more than $430m to build a new uranium mine in Tanzania.
Amsa reports sharp profit drop
ArcelorMittal South Africa has reported a sharp drop in first-quarter profit, but says it expects improvement in the next three months.
Implats, Angloplat in indigenisation talks
Angloplat and Implats are cooperating with Zimbabwe on proposals to sell majority shares in their local operations to locals, says a government minister.
Gold One again under ASX spotlight
The Australian Stock Exchange has for the third time in as many months queried Gold One International on the company’s share trades and corporate activities.
Exxaro to sell coal properties for cash
Exxaro Resources wants cash for three Mpumalanga coal deposits, which it has decided are too small to be developed by the group.
DiamondCorp starts mining at Lace
DiamondCorp is mining a 30,000t bulk ore sample from its Lace mine in the Free State, after the new decline shaft intersected the kimberlite pipe at a depth of 260m.
IPO unlikely, says Namdeb
An initial public offering for Namdeb Diamond Corp is not on the cards, says the group's financial manager.
Decision on Wild Coast mining imminent
A decision by Mineral Resources Minister Susan Shabangu is imminent on an appeal to stop her granting rights to mine titanium from sand dunes along a pristine stretch of the Wild Coast.
Lonmin doubles profit, confirms guidance
Lonmin says operating profit more than doubled to $144m in the first half and confirmed sales guidance for 2011, despite an increase in safety stoppages.