Iron ore prices to stay high
Iron ore prices will stay high for another two to three years according to institution MF Global which says China is investing in new iron ore projects in order to boost supply and lower prices.
Absa plans gold ETF expansion
Botswana is to get its first gold backed exchange traded fund with more planned for the rest of Africa, according to Absa which developed the R14.7bn NewGold ETF.
BEE poser for Galaxy Gold
Navigating a way through South Africa's complex black economic empowerment requirements adds to the financial challenges faced by Peter Skeat at new venture Galaxy Gold.
Swanepoel to return to gold
Bernard Swanepoel says he may consider returning to the gold industry in an effort to bulk up the asset base of listed firm Village Main Reef.
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.
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.
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.
Copper output at Lumwana rises 59pct
Copper production at Equinox Minerals' Lumwana mine in Zambia, Africa's largest copper producer, rose 59% in the first half of 2010 due to improved efficiency, the company says.
High metal prices to boost AngloPlat earnings
Anglo Platinum, the world's largest platinum producer, says it expects to report increased first half earnings on the back of higher metal prices.
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.