Gold poised as correction nears end
Analysts reckon that news China would not add significantly to its gold reserves had been absorbed and that the correction in the gold price was almost out of the system.
Xstrata to develop Peruvian copper mine
Mining giant Xstrata says it will invest $1.47bn in developing a southern Peru copper mine, a move aimed at extending the life of its existing operations in the region.
Congo cries foul over First Quantum
The government of the Democratic Republic of Congo has claimed First Quantum Minerals has been conducting a smear campaign against it.
DiamondCorp ups size of diamond target
DiamondCorp has reported an increase in the size of the geophysical target at one of the prospecting areas making up its Jwaneng South Project in Botswana.
Gem ban ‘punishing’ Zimbabweans
Zimbabwe's finance minister says a blockade on diamond exports is effectively 'punishing the people of Zimbabwe', and that it should be dropped.
Xstrata resumes work on A$6bn mine
Xstrata, the biggest exporter of power-station coal, has resumed work on a A$6bn mine after Australia reduced a planned resource profits tax, says Bloomberg News.
NUM stands firm on Implats wage demands
A union at Impala Platinum says it will stick to its 15% pay rise demand in mediation talks next week but wants a quick end to the dispute.
Simmers drops proposed rights issue
The Simmers board has opted not to go for a planned rights issue and will instead raise funds required to pay back a R220m loan through a sale of notes as well as cash flow.
Anglo sells Aussie coal assets for $500m
Resources giant Anglo American has agreed to sell its interests in five underdeveloped coal assets in Australia for about $500m.
Indian firms rescue SA coal juniors
Both Homeland Energy and South African Coal Mining Holdings are being rescued financially by their new, controlling Indian shareholders.