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Glencore targets $11bn, draws key investors

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UPDATED: Glencore has kept a lid on its aspirations for a much-hyped market debut, targeting proceeds of $11bn after securing record commitments from investors led by Abu Dhabi.

Merafe posts output increase

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Merafe Resources says first-quarter production rose 3.8%, but says the company will operate at a lower rate during June to August.

Glencore prospectus set to reveal CEO billions

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Glencore is to make known how much CEO Ivan Glasenberg, probably South Africa's richest person, and other top managers stand to gain from one of Europe's largest market debuts.

AngloGold sees steep earnings increase

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AngloGold Ashanti says it expects first-quarter earnings to triple, following the elimination of its hedge book.

Gordhan bets on mining for job creation

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Mining and agriculture have the potential of creating many jobs, says Finance Minister Pravin Gordhan.

Mines department toothless, says union

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The National Union of Mineworkers says it has "serious concerns" about the department of mineral resources' ability to regulate the mining industry.

Amsa leaves steel prices unchanged

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ArcelorMittal SA says it will leave prices for its products flat this month, but raise some of them in June.

Mineworkers to down tools over safety

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THE National Union of Mineworkers will hold a one-day protest over safety in the North-West this weekend, followed by a national day-long strike later this year.

Zambia aims to double copper output

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Copper output in Zambia will rise to 2 million tonnes by 2015 from around 900,000 tonnes this year as new mines open and others are expanded, says the country's finance minister.

Rio seeks to delist Riversdale

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Rio Tinto proposes to delist Riversdale Mining after gaining control of more than 73% of the firm.