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.
Gold forges on, BIS swap ‘positive’
A timely reminder that all was not well in Europe has given gold some fresh impetus while the swap of gold for currencies by the Bank of International Settlements in its last financial year has been hailed by GMFS.
Ramaphosa takes seat at Lonmin board
Cyril Ramaphosa was appointed to Lonmin's board after a deal, in which Ramaphosa's Shanduka Resources bought a stake in Incwala Resources, was consummated.
Mining at Smitspan colliery to start mid 2011
Firestone Energy, says mining at the Waterberg Coal Project's Smitspan colliery site is targeted to commence by mid 2011.
Palabora production takes a dip
Copper mining company Palabora Mining, which operates South Africa's largest copper mine, has reported a 24% fall in first half copper concentrate production.
Burnstone plant start up delayed by 2 weeks
Great Basin Gold, the international mining company developing a gold mine on the Witwatersrand, says the start up of its Burnstone metallurgical plant will be delayed by two weeks.
Alrosa underpins positive diamond sentiment
Major Russian diamond producer Alrosa is upbeat on medium-term prospects for the rough diamond market but there are short-term worries over price volatility and the situation at Marange in Zimbabwe.
Iron ore dispute gains momentum
Legal teams representing Kumba Iron Ore, ArcelorMittal SA and Imperial Crown Trading are to meet as the parties settle down to an expected war of attrition.
Rio to sell Chapudi coal project
Resources giant Rio Tinto has reportedly put its Chapudi coal exploration assets in South Africa up for sale.