Kumba, Amsa agreed one-year iron ore price
Kumba Iron Ore will supply ArcelorMittal South Africa with 4.8 million tonnes of iron ore at a weighted average price of $65/t, the companies said yesterday.
Aquarius, Implats agree $550m Mimosa sale
Aquarius Platinum and Impala Platinum have sold just over half of their shares in Mimosa Platinum in line with Zimbabwe's indigenisation law.
Sylvania boss sacrifices 33% of salary
Sylvania Platinum executives took pain for the team announcing they would forgoe up to a third of their salaries for the remainder of the financial year, ended-June.
Eskom reprises power buy-backs with Xstrata
The Xstrata-Merafe Chrome Venture has agreed to idle 25% of its production as Eskom seeks capacity to continue R35bn maintenance plan.
Gemfields attracting interest from retailers
International jewellery retailers were looking to buy a piece of Gemfields following its proposed takeover of historic brand Faberge, CEO Ian Harebottle said.
PTM adds lustre to bruised SA platinum
Platinum Group Metals said it would sell shares for $182m ahead of drawing down $260m in finance - enough to fully fund its 275,000 oz WBJV Project One.
Zim shuts Afripalm Resources after Northam failure
Lazarus Zim sacked employees at the plush Sandton offices of Afripalm Resources following a dire couple of years in which he lost millions in personal fortune.
Rockwell to mothball Tirisano amid cash burn
Rockwell Diamonds said it was unable to stem losses at its Ventersdorp alluvial diamond mine, Tirisano, but added funding of its project pipeline remained intact.
Govts of China, SA unite in R5.3bn Palamin bid
The governments of China and South Africa have formed a consortium to bid a hefty premium for the 74% stake in Palabora owned by Anglo and Rio Tinto.
AngloGold investment grade upheld by S&P
AngloGold Ashanti said it diverse geographic base contributed towards maintaining an investment grade rating of its debt following a review by S&P.