De Beers’ $295m pact set aside
A legal technicality could see De Beers angling for new solutions to antitrust claims in the US after it was found on appeal this week that not all plantiffs could benefit from its $295m settlement trust.
Aurora may receive R50m lifeline
Some R50m in emergency funds could be funelled to Aurora Empowerment Systems by a Swiss-based fund, provided the reverse takeover by Labat is complete.
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.
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.
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.
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.
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.
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.
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.