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Study shows the pitfalls of miner optimism

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A recent study by consultancy PwC confirms we are dealing with a market that shows the benefits, hallmarks, and excesses of miner's optimism.

Rio, Guinea agree to expedite Simandou

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A high level meeting in London between Rio Tinto, the Guinea government and the IFC has given fresh momentum to plans to build the Simandou iron ore project.

SA, Russia at cross purposes on PGM cartel

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Are South Africa and Russian singing from the same hymn sheet in respect of establishing an Opec-style platinum organisation?

Harmony Gold to write down Hidden Valley

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The decline in the gold price and the poor performance of Hidden Valley meant Harmony Gold would have to write down a portion of the asset, it said.

Amplats protest muddies Govt summit progress

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UPDATED - Up to 2,400 workers are being prevented from existing an underground shaft at one of Amplats' Rustenburg mines, the company said.

Rand helps SA gold firms absorb Eskom hike

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Assuming a relatively stable gold price of $1,400/oz, SA gold shares can start to offer some value with the rand weakness already offsetting power tariff increases.

Wescoal to double up coal trading arm

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Wescoal Holdings said it is to buy a domestic coal trading business for R79m that would double its current activities.

Keaton pledges return to profit in 2014

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Keaton Energy said it would bounce back in the current financial year after posting a loss of R132m in the 2013 financial year amid lower thermal coal throughput.

AMCU stance unclear as Lonmin makes ‘offers’

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It was unclear whether AMCU intended to press ahead with a strike at Lonmin with the platinum producer saying it had made "reasonable offers" to the union.

Mining law changes to send investors scuttling

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Amendments to the Minerals & Petroleum Resources Development Act will set investors running.