Iron ore prices to stay high
Iron ore prices will stay high for another two to three years according to institution MF Global which says China is investing in new iron ore projects in order to boost supply and lower prices.
Zim wants mining conducted by state
Zimbabwe would like to have all alluvial diamond mining conducted by the state, says Finance Minister Tendai Biti.
Resgen goes for it in the Waterberg
Australian junior Resource Generation has big plans for its proposed coal mine in the Waterberg but success will depend on solving critical railway and port infrastructure bottlenecks.
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.
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.
Ramaphosa takes seat at Lonmin board
Cyril Ramaphosa was appointed to Lonmin's board after a deal, in which Ramaphosa's Shanduka Resources bought a stake in Incwala Resources, was consummated.
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.
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.