Investment flows to prop up gold – GFMS
Take away investment flows and the gold price would topple off its current highs, market research firm, GFMS has said.
Gem hopeful Letseng meets output target
Amid rising diamond prices, London-listed GEM Diamonds said it hoped to meet full year production targets at its flagship Letseng mine in Lesotho.
Amsa warns of beneficiation review
ArcelorMittal SA has warned that the government's mineral enrichment plans will need a complete review if the steelmaker can no longer receive lower than market prices for iron ore.
Uranium output on the up
Namibia's total uranium output rose 4% in the second quarter of 2010 compared with the first three months of the year, data showed.
Aquarius Platinum shares plunge
Shares in Aquarius Platinum dropped sharply in early trading on the JSE on Monday morning in response to the stringent safety directive slapped on the company by the Department of Mineral Resources.
Kumba, Arcelor set for Monday pow-wow
Kumba Iron Ore and ArcelorMittal SA will convene an emergency meeting to help save the country's steel production after government's trade and industry minister Rob Davies stepped into the fray.
New safety rules for platinum mines
The Department of Mineral Resources has imposed tough new restrictions on mechanised platinum mines just hours after the chief inspector of mines said this was not on the cards.
Rockwell Q1 revenue up 118pct to C$8.5m
Mid-tier diamond producer Rockwell Diamonds has reported a 118% increase in first quarter revenue from rough diamond sales to C$8.5m from C$3.9m previously.
ArcelorMittal to close Saldanha plant
Steel producer ArcelorMittal is planning the immediate closure of its Saldanha Bay plant in a hard line response to Kumba Iron Ore's pricing demands.
Kumba foists price hike on Arcelor
Kumba Iron Ore turned up the heat in its iron ore dispute with ArcelorMittal asking the steelmaker to accept higher prices for its product, or suffer the consequences.