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Metorex expects no earnings surprise

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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.

Great Basin narrows June quarter loss

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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.

Eskom contracts independent power producers

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ESKOM has contracted five independent power producers to commission privately generated electricity to boost its energy supply.

Eastplats takes a knock

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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.

Zim poised for billion dollar diamond sale

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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

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Extract Resources has announced a resource upgrade that moves its Rossing South property among the top six global uranium deposits by contained metal.

ICT gets sweet deal from ArcelorMittal

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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.

ArcelorMittal buys Imperial Crown Trading

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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 get base metal rights

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Lonmin was likely to receive approval to sell base metals over areas it successfully received mining licence conversions several years ago, a government official says.

No major Northam earnings fluctuations

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Platinum producer Northam Platinum expects its full year earnings per share and headline earnings per share to be between 170 and 190 cents.