Zim wants mining conducted by state
Zimbabwe would like to have all alluvial diamond mining conducted by the state, says Finance Minister Tendai Biti.
Aurora may receive R50m lifeline
Some R50m in emergency funds could be funelled to Aurora Empowerment Systems by a Swiss-based fund, provided the reverse takeover by Labat is complete.
Resgen goes for it in the Waterberg
Australian junior Resource Generation has big plans for its proposed coal mine in the Waterberg but success will depend on solving critical railway and port infrastructure bottlenecks.
De Beers’ $295m pact set aside
A legal technicality could see De Beers angling for new solutions to antitrust claims in the US after it was found on appeal this week that not all plantiffs could benefit from its $295m settlement trust.
Copper output at Lumwana rises 59pct
Copper production at Equinox Minerals' Lumwana mine in Zambia, Africa's largest copper producer, rose 59% in the first half of 2010 due to improved efficiency, the company says.
Absa plans gold ETF expansion
Botswana is to get its first gold backed exchange traded fund with more planned for the rest of Africa, according to Absa which developed the R14.7bn NewGold ETF.
African Minerals bags new investment in China
African Minerals has sealed a second investment deal with a Chinese group for its flagship iron ore project in Sierra Leone, selling a 25% stake to Shandong Iron & Steel for $1.5bn.
High metal prices to boost AngloPlat earnings
Anglo Platinum, the world's largest platinum producer, says it expects to report increased first half earnings on the back of higher metal prices.
BEE poser for Galaxy Gold
Navigating a way through South Africa's complex black economic empowerment requirements adds to the financial challenges faced by Peter Skeat at new venture Galaxy Gold.
Swanepoel to return to gold
Bernard Swanepoel says he may consider returning to the gold industry in an effort to bulk up the asset base of listed firm Village Main Reef.