Aquarius swings back into profit
AQUARIUS Platinum swung to a net profit as higher metal prices outweighed lower output resulting from the temporary closure of the Everest mine.
High stockpiles may slow China’s coal shipments
Some Chinese buyers are seeking to defer the delivery of prompt thermal coal shipments by at least a month, citing high stockpiles at the country's ports, sources from three affected trading firms say.
ICT gets sweet deal from ArcelorMittal
Sources say Imperial Crown Trading will get R200m from ArcelorMittal even if it loses the action against Kumba Iron Ore over the prospecting right it has been awarded to part of the Sishen mine.
Great Basin narrows June quarter loss
Great Basin Gold reported a narrowing in year-on-year losses for the June quarter and said its flagship South African mine, Burnstone, would reach commercial production in September.
Zim poised for billion dollar diamond sale
Zimbabwe's state coffers are poised for a huge cash injection as 4.5 million carats of diamonds, worth up to $1.7bn according to the government, go on sale in the capital Harare.
Rossing South sixth largest on upgrade
Extract Resources has announced a resource upgrade that moves its Rossing South property among the top six global uranium deposits by contained metal.
Eastplats takes a knock
Eastern Platinum has been hit by lower production and sharply higher costs after it dismissed a quarter of its production crews in May because of poor safety compliance.
Eskom contracts independent power producers
ESKOM has contracted five independent power producers to commission privately generated electricity to boost its energy supply.
ArcelorMittal buys Imperial Crown Trading
ArcelorMittal has agreed to buy Imperial Crown Trading for R800m in what could be viewed as a desperate attempt to recover the mining rights it lost in Kumba's Sishen iron ore mine.
Lonmin ‘to account’ for Keysha’s minerals
The South African government has said Lonmin may have to account for minerals sold from land over which empowerment firm, Keysha, now has a prospecting right.