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ICT founder linked to more disputed deals

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Phemelo Sehunelo, the advocate whose ICT turned Jacob Zuma's son into a multimillionaire, is at the centre of another two controversial mining deals, reports City Press.

Super-rich buy gold by ton

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The world's wealthiest people have responded to economic worries by buying gold by the bar - and sometimes by the ton, according to bankers catering to the very rich.

JP Morgan calls metals higher

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It's looking good for commodities according to JP Morgan as investment demand, economic stimulus packages and renewed inflation are expected to drive up prices across the board next year.

Gold Fields closes debut $1bn bond

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Gold Fields says it has successfully completed its $1bn bond offering to international investors.

SA firm plans $300m pig iron project

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South Africa Metals Equity plans a new plant which may produce about 500 000 tonnes per annum of pig iron.

Kazakh firm hopes to jump-start Zim mine

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Kazakh mining group ENRC is keen to add platinum to its production portfolio, working to overcome hurdles for its Zimbabwe project.

Gold One granted $65m loan facility

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Gold One International has received credit approval from two leading international banks - Absa Capital and BNP Paribas - for a $65m loan facility.

Sasol Mining concludes BEE deal

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Sasol Mining has completed the Ixia Coal transaction, as part of the company's empowerment strategy, with WIPCoal Investments as the majority partner.

AngloGold draws line under hedge book

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AngloGold Ashanti has completed the elimination of its gold hedge book, reflecting the company's confidence in the likely direction of the gold price.

Harmony warns over output drop

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Harmony Gold Mining says gold production for the September 2010 quarter is likely to be in the order of 3% lower than the previous period.