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Impala chases the Bafokeng Rasimone mine

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Impala Platinum is almost certainly the company bidding to buy the Bafokeng Rasimone Platinum Mine because there are compelling strategic reasons why it wants the asset.

RBPlat listing on hold amid mine offer

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The proposed listing of Royal Bafokeng Platinum has been placed on hold while its shareholders dwell on an unsolicited offer to buy Royal Bafokeng Rasimone Mine, RBPlat's key asset.

Gold miners return to net hedging

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A new report shows gold miners have turned to net hedging for the first time since 2005, but it was mostly due to project financing and there was little appetite for "strategic" hedging.

AngloGold expects Obuasi output lift

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AngloGold Ashanti expected its Obuasi mine in Ghana to produce about 400,000 ounces a year from 2012, a 14% uplift.

SA ferrochrome output to double

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South Africa's production of ferrochrome, a steel-making ingredient, is forecast to more than double by 2015.

Metmar to benefit from investment sale

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Metmar, the commodity trader, said first half earnings would be up to 27% higher after selling an investment.

Aus firm makes Moz discovery

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An Australian mining company says it has discovered deposits in Mozambique of rare minerals with a variety of industrial uses.

Petra secures $78m in new loans

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Petra Diamonds will use new debt facilities to finance expansion of the Williamson mine in Tanzania and the Cullinan mine in SA.

Stockpiles will help us through: Kumba

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Stockpiles would help Kumba Iron Ore through next week's strike planned by the National Union of Mineworkers, the company said.

NUM urges Northam to make ‘good offer’

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The NUM called on Northam Platinum to return to the negotiating table with a good offer in order to resolve the four week standoff at the platinum producer's Zondereinde mine.