Still time to buy SA gold shares
South African gold shares are a buy despite the strong rand and continued steep increases in mines’ working costs.
Rio Tinto goes for Riversdale
Rio Tinto is bidding for Riversdale Mining and has already secured options over 14.9% of the firm, but it could face stiff opposition from India's Tata Steel.
Chile to sell utilities stakes, help Codelco
Chile will sell its stakes in four water utilities, valued at $1.6bn, and may use the proceeds to help finance investments in state mining giant Codelco, says a government official.
Some Aurora workers remain unpaid
A total of R800,000 has been paid towards the salaries of some Aurora Grootvlei miners from Springs, says the department of labour.
Strike, stoppages cane Northam earnings
Northam Platinum says safety related stoppages and a prolonged strike at the beginning of its financial year will hit the group's interim earnings by between 58% and 74%.
Coal and diamonds should do well in 2011
It's looking good for export thermal coal and rough diamonds in the new year, according to RBC Capital Markets, but the firm is more cautious on the prospects for nickel.
Indian consortium mulls Riversdale bid
An Indian consortium of state-run companies is considering a bid for a stake in Riversdale Mining as the country steps up its search for African coal assets.
Copper soars to record on ETF buys
Copper prices have charged to an all-time high as shipment delays and robust prospects further fuelled demand from investors, who have started buying into a new exchange fund.
Newcrest halts Ivory Coast, Indonesia mines
Newcrest Mining has put work at its Bonikro gold mine in Ivory Coast on ice and moved mine management to Ghana amid election tensions in the region.
Major coal deal imminent in Mozambique
Riversdale Mining has requested a suspension in trading of its shares on the Australian Stock Exchange, as a takeover bid for the company is seemingly under way.