IDC capture of Scaw heralds state steelmaker
The South African government buys Scaw from Anglo and says the firm will compete for state-backed infrastructure business and help further its beneficiation strategies.
Gold Fields warns of fourth quarter strike pain
Only a portion of lost production owing to strikes had been accounted for in the September quarter, Gold Fields said which also warned of imminent restructuring.
M23 want direct talks with Congo’s Kabila
M23, a rebel movement in Congo, want direct talks with president Joseph Kabila and have warned government not to strengthen armies near Goma, which recently fell to the rebels.
Harmony deplores deaths at Kusasalethu
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
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.
Mozambique coal boom caught UN off guard
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.
Alcoa may buy Rio, BHP aluminium assets
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 says tax review under discussion
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.
Xstrata executive exodus feared
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.
NUM says no guarantee SA labour will calm
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.