Lonmin to fight Keysha, exposure ‘minimal’
Lonmin is back in full control of its operations but unfinished business includes the dispute with Keysha Investments and what to do about former director Sivi Gounden.
AngloGold to keep hedge options open
AngloGold Ashanti's Mark Cutifani says the group will keep an open mind on removing the remainder of its hedge book, now less than a year's production.
Metorex expects no earnings surprise
Metorex has advised that for the 12 months ended June 2010 it expects headline earnings to be between 22c and 26c per share compared with 2009's 24c.
Platmin focus on boosting Q3 perfomance
Unkind weather, between April and May, and reconstruction of the pinion at the Merensky mill slowed down Platmin's operational perfomance during Q2.
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.
Anarchy and death at Aurora mine
Miners at the Aurora Empowerment Systems are concerned about their safety after allegedly being attacked by a group of trigger happy security guards.
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.
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.
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.