Petra hails ‘step change’ in fortunes
Petra Diamonds declared that for the year ended June it enjoyed "a highly progressive year" helped by a moderate increase in production and much higher prices for gems.
Chrometco s/holders to vote on Rooderand sale
Chrometco, the exploration and development company, says it will ask its shareholders to
vote on the sale of its Rooderand to DCM Chrome for R62m.
Keaton to supply 16.5mt of coal to Eskom
Keaton Energy says its 74%-held subsidiary Keaton Mining has concluded negotiations with Eskom to supply 16.5 million tonnes of steam coal from Phase 2 of its new Vanggatfontein Project near Delmas.
Aquarius shares recover after DMR meeting
Shares in Aquarius Platinum, the world's fourth-largest platinum producer, have risen more than 15% following the company's reassurances that it had a say in how it improved safety at its mines.
Ferro Metals production takes a dip
International Ferro Metals, the London-listed ferrochrome producer with operations in South Africa, reports a 6% drop in quarter-on-quarter production.
DMR backs down on Aquarius
The Department of Mineral Resources has backed away from its draconian safety directive to Aquarius Platinum which will continue standard mechanised mining operations while striving for better safety.
Uranium output on the up
Namibia's total uranium output rose 4% in the second quarter of 2010 compared with the first three months of the year, data showed.
Aquarius Platinum shares plunge
Shares in Aquarius Platinum dropped sharply in early trading on the JSE on Monday morning in response to the stringent safety directive slapped on the company by the Department of Mineral Resources.
Investment flows to prop up gold – GFMS
Take away investment flows and the gold price would topple off its current highs, market research firm, GFMS has said.
SA govt says Kumba, Amsa will settle
Kumba Iron Ore and ArcelorMittal SA "committed themselves" to finding a settlement, says a spokesman for South Africa's trade and industry department.