Govt may rule in vexed iron ore dispute
A temporary peace has been called between ArcelorMittal and Kumba Iron Ore but government has a key role to play as it's concerned at how steel prices could be affected.
Kumba strikes interim deal with ArcelorMittal
UPDATED - Kumba Iron Ore and ArcelorMittal have reached an interim pricing agreement which will keep iron ore supplies flowing to the steel producer.
Lonmin to meet platinum sales target
Lonmin will meet its forecast of selling 700,000 oz of platinum in the year to September but at an additional cost of $17.5m because some 20,000 oz of platinum will be toll-smelted by a competitor.
Marikana yields higher output for Lonmin
Lonmin said third quarter output from its Marikana underground operations yielded a 10.2% increase compared to the same period last year.
Kumba arbitration could take two years
It could take between one and two years for arbitration proceedings over the disputed iron ore contract between Kumba Iron Ore and ArcelorMittal to reach a decision.
Kumba’s interim profits soar
Kumba Iron Ore has reported a 90% surge in profits for the first six months of 2010 but sounded a note of caution on expected trading conditions in the second half which could show a modest slowdown.
Platinum juniors take a beating
Platinum juniors and explorers are getting battered by current volatile market conditions with Wesizwe Platinum and Platinum Group Metals amongst the worst affected.
Randgold DRC project ahead of schedule
International gold mining and exploration company Randgold Resources says construction on its Kibali project in the DRC is six months ahead of schedule.
Northam halts ops at Zondereinde after accident
Northam Platinum says it has halted production at its Zondereinde mine in Rustenburg after two miners were killed, the latest in a spate of accidents.
Shabangu must act on Sishen dispute
Top rated analyst David Pleming of Macquarie First South Securities has called for mining minister Susan Shabangu to take a leadership role in dealing with the mining rights dispute at Sishen.