Failed gem firm pays a pittance
Wealth 4 U, which like most speculative mining ventures offered so much and delivered so little, will pay less than one cent for every rand hapless investors ploughed into the venture.
Zimplats profit up despite output falling
Zimplats' metal output falls, but profits rise on firmer metal prices.
Union declares De Beers dispute
South Africa's biggest union says it has declared a wage dispute with the world's top diamond producer De Beers, and has asked an arbitration authority to mediate.
BHP Billiton pulls rug under metal firms
BHP Billiton, the world's largest mining group, has withdrawn from an electricity saving aluminium beneficiation plan because it allegedly earns more from exporting the metal directly.
Aquarius gets basket price boost
Higher platinum group metal prices lifted Aquarius Platinum's revenues in the March quarter offsetting an 8% fall in production.
Arcelor profits soar as legal battles rage
South Africa's largest steel maker ArcelorMittal SA posts a strong rise in profits as it fights a number of competition-related battles and tries to restore a cheap supply of iron ore.
China OKs individual iron ore deals as talks stalemate
China's steel industry body will allow mills to sign individual supply deals with global miners, as it seemed to abandon efforts to preserve annual pricing that for months had appeared doomed.
Brian’s next move
Brian Gilbertson's successful courting of two sovereign funds into the little known Platmin provides further evidence the commodity bull run is intact, and raring to go again.
ENRC buys Northam stake for R2.2bn
ENRC is to buy a 12.2% stake in Northam Platinum from Mvelaphanda Resources for R2.2bn in cash, leaving the way clear for the latter to begin an unbundling process.
Hulamin in R750m rights issue
Hulamin will conduct a R750m rights issue to cut debt levels and ensure growth for the semi-finished and fabricated aluminium products company.