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Harmony deplores deaths at Kusasalethu

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Harmony Gold's Graham Briggs said deaths at the company's Kusasalethu mine on the west Rand was related to inter-union rivalry.

Debutant Sable Pt to seek $30m in funds

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Sable Platinum, reverse-listed into New Corpcapital on the JSE, is to seek $30m to help fund its five platinum and vanadium projects in South Africa's western Bushveld.

Alcoa may buy Rio, BHP aluminium assets

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Alcoa said it would seek to buy assets used in the manufacture of aluminium from BHP Billiton and Rio Tinto after the miners shelved or sold the assets.

Mozambique coal boom caught UN off guard

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The emergence of Mozambique's Tete province as the epicentre of coking coal exploration had left the local economy short, said the UN which acknowledged it had been caught off guard.

Xstrata executive exodus feared

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The resignation of Sir John Bond, chairman of Xstrata, and the already known new that its CEO, Mick Davis, is to leave has triggered fears that without retentions, the key Xstrata staff will abandon Glencore Xstrata.

Mozambique says tax review under discussion

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Mozambique's deputy mines minister confirms capital gains tax changes are on the agenda but says adaptations to the fiscal regime is only a discussion at present.

Anglo says Revuboe too small for own rail, port

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Anglo American says it will look to share existing infrastructure for its 10 million tonne/year Minas de Revuboe project in Mozambique once it has consummated the $555m transaction.

Davis warns of risks after retention pay foiled

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Xstrata shareholders supported the merger with Glencore but declined paying retention packages - a development Mick Davis, Xstrata CEO, said posed a risk to the combined entity.

NUM says no guarantee SA labour will calm

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National Union of Mineworkers general-secretary, Frans Baleni, delivered unsettling news to UK investors saying the union could attempt to calm members in 2013, but there could be no guarantees.

SA economy braced for strike fallout

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The South African economy must brace itself for the fallout from the mining industry's strike activity, a development that could be devastating, says the Bureau for Market Research.