Mechanised mining in the spotlight
There are concerns the Department of Mineral Resources is about to impose strict new standards on mechanised platinum mines but this is denied by chief inspector of mines Thabo Gazi.
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.
Highveld Q2 hot metal output jumps
Highveld Steel and Vanadium, SA's second-largest steel producer, has reported a 19.1%
increase in year-on-year production in the second quarter of 2010.
IFM: no fall in ferrochrome Q4 contracts price
An end to de-stocking coupled with rising demand will ensure ferrochrome contract prices do not fall below current levels for the fourth quarter, International Ferro Metals says.
Merafe to return to the black
Merafe Resources said on Thursday it expected to report a return to black for the six months to the end of June.
Absa raises R128m bond issue for Simmers
Absa Capital has raised R128m in a high yield, unrated bond issuance for Simmer & Jack Mines.
Deposed Le Riche to fight board coup
FORMER diamond group CEO, Hein le Riche, re-surfaces - spitting mad - ahead of extraordinary AGM to turf out board.
Bullish outlook for coking coal
MF Global reckons the coking coal market has better fundamentals than the iron ore market and Mozambique stands to benefit significantly but only when the required infrastructure is provided.
Northam, Jubilee to explore furnace plan
Northam Platinum and Jubilee Platinum have agreed to explore development of a 'ConRoast' facility in the first step to developing another source of furnace capacity in South Africa's platinum industry.
Simmers cuts it fine on loan repayment
Simmer and Jack still needs to sell another R70m worth of bonds to meet the R100m repayment due to Rand Merchant Bank at the end of the month.