Govt aims to break diamond dealers’ hold
The state is looking to sidestep the grip of SA’s major polished diamond wholesalers on the local beneficiator industry by exploiting foreign legislation.
Northam to strengthen grip over RBPlat as its top executives prepare...
NORTHAM Platinum is to strengthen its grip over the future direction of Royal Bafokeng Platinum (RBPlat) by having its principal directors, the CEO Paul...
Pan African to increase production 25pct
After successfully stamping out illegal mining at its Barberton operations, junior gold mine Pan African plans to raise production by 25% over the next five years.
Eqstra to seek damages after Lucara ends R500m/year contract
LUCARA Diamond Corporation (Lucara) may have a fight on its hands after Extract Group said it would seek damages for a R500m per year...
Lucapa Diamonds shares slump 8% in Sydney as firm continues refinancing...
LUCAPA Diamonds Company said it would press ahead with discussing refinancing options despite corporate cost-cutting and a A$5.2m rights issue in the June quarter.
The...
Anglo chairman Stuart Chambers hails Wanblad as first South African to...
ANGLO American chairman Stuart Chambers endorsed South Africa's mining potential saying the appointment of Duncan Wanblad as CEO - the first South African in...
Gold hits record as Vietnam mulls imports
Spot gold has hit an all-time peak on a weak dollar and after Vietnam said it may allow gold imports if prices keep rising.
Kibo to prioritise coal agreements in Q1 for its 150MW Benga...
KIBO Energy said it would prioritise discussions with potential coal suppliers to its proposed 150 to 300MW Benga power station planned for Mozambique's Tete...
China 2012 rare earth quotas unchanged
China will keep rare earth export quotas for 2012 at this year's levels, a move that will ease overseas worries about the supply of 17 crucial elements used in high-tech manufacturing.
S&P warns on Anglo debt risk
Ratings agency, Standard & Poor's, has said Anglo American's debt was at risk if it didn't receive funds from the anticipated deal with Codelco over Anglo American Sur.