Rio content with lesser stake in Riversdale
Rio Tinto has lowered the acceptance condition on its A$3.9bn offer for Riversdale Mining after entering into talks with a major backer of the Mozambican miner.
Harmony cut costs at Hidden Valley
Harmony Gold says it has cut costs at the Hidden Valley mine in Papua New Guinea, though it also experienced unscheduled "mechanical downtime" on an ore conveyer.
First Uranium ‘to pay’ Simmers debt
The settlement of Simmers’ R155m Absa notes may be one of the first new purposes envisaged by Bernard Swanepoel for the gold junior’s 25% stake in First Uranium.
‘Lower steel prices won’t up SA output’
A consultant for Kumba says lower steel prices will have no significant effect on manufacturing in SA, refuting claims by the trade and industry department.
Miners tumble as Harare turns up heat
Platinum stocks took a hit as the Zimbabwean government gave miners six months to sell a majority stake in their firms.
Copper falls on China demand concerns
Copper prices pared back gains, pressured by fresh worries about near-term Chinese demand for industrial raw materials.
Mugabe comments hit platinum miners
Shares in platinum miners with operations in Zimbabwe plunged after President Robert Mugabe said he would press on with plans to sell 51% of foreign firms to locals.
Pallinghurst’s lacklustre share price
Pallinghurst Resources is getting things right at the operating levels of its various interests and its NAV is rising, but the share price is yet to reflect this.
Zimbabwe gets heavy on indigenisation
The publication of a timetable for Zimbabwean mining indigenisation has put the cat among the platinum pigeons, with Impala and Aquarius investors running for cover.
Zim plan wrecks Aquarius shares
Shares in Aquarius Platinum have tumbled amid Zimbabwe's plans to force companies to sell 51% of local assets to indigenous people.