Resgen spent millions on exploration
Resgen, the Australian company with a secondary listing on the JSE, has spent A$2.4 million on exploration and evaluation this year to date.
Wage negotiations concluded at Assmang
Trade union Solidarity says that wage negotiations at Assmang's Khumani and Beeshoek iron mines in the Northern Cape have been concluded after only two rounds, with the union negotiating a wage increase of 10%.
Motjoli to challenge Kumba in R11bn mine
Little known Motjoli Resources is considering building an R11bn iron ore mine that will add diversity to supply of a mineral much in the frame lately.
AngloPlat finally converts its mining rights
Anglo Platinum has at last achieved conversion to new order mining rights for all its mines which should ease investor concerns over the relationship between the group and the government.
AngloPlat forecasts rising production
Anglo Platinum remains upbeat on the recovery in the platinum market looking to produce 2.5m oz this year and forecasting the platinum price will stay above $1,500/oz during the remainder of 2010.
Demand solid for Hulamin after decent H1
Hulamin, which produces aluminium products, said the outlook was promising after posting solid first half results.
Zuma expands empire amid Aurora woe
The human side to the failure of Aurora Empowerment Systems is a tragic one and is intensified by the apparent sang-froid of the firm's founder, Khulubusa Zuma who continues to spread his wings.
De Beers guarantees Ponahalo deal
De Beers has guaranteed about 56% of the preference shares held by Ponahalo Investments in an effort to stop its R3.7bn, 2006 empowerment transaction from collapse.
Eastplats lifts output despite dismissals
Eastern Platinum dismissed 15 contract stoping crews in May but still managed to keep production in the period on an even keel quarter-on-quarter.
De Beers’ Penny quits firm
De Beers CEO, Gareth Penny, ended a five year reign at the helm of the diamond group on Friday even as it unveiled a doubling in pretax earnings, an 84% increase in sales and a doubling in production.