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.
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 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.
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.
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.
RBCT workers end wage strike
Some striking workers at the Richards Bay Coal Terminal have resumed work after accepting a 9.5% wage rise offer by RBCT, a company official says.
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.
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.
Simmers finally takes over Tau Lekoa
UPDATED - Shares in Simmer & Jack Mines shrugged off a weak initial response to its eventual purchase of Tau Lekoa mine to trade some 18% higher in mid-afternoon trade.
Randgold & Exploration eyes higher H1 earnings
Randgold & Exploration says earnings per share for the six months ended June 2010 will be between 1 050c and 1 105c per share greater than the comparative unaudited earnings per share of 1c per share for the six months ended June 2009.