Central banks suffer $560bn gold loss
The hefty decline in the price of gold this year has wiped $560bn off the value of
Central Bank gold holdings which own about 19% of all gold ever mined.
Davis skips Glencore-Xstrata as future beckons
Mick Davis said he would not serve six months as interim manager of the combined
Glencore Xstrata opting to leave at the deal's effective date, around May 2.
Northam losses rise as strike continues
Production losses at Northam Platinum have started ticking up as a strike among
rock drill operators at its Zondereinde mine extends into its third week.
Eskom, BHP in coal, power cost imbalance
Eskom pays more for thermal coal supplied by BHP Billiton than the mining house
pays for Eskom's electricity at its three aluminium smelters, a study shows.
Amsa boss gives sobre steel market view
Nonkululeko Nyembezi-Heita, CEO of ArcelorMittal SA, said the South African steel
industry was currently uncompetitive set against its international rivals.
SA golds head for another day of pain
South African gold stocks were set to endure another day of losses as the price of
gold shed 3.9% in Singapore.
SA rebuffed AngloGold unbundling plan: report
A proposal by AngloGold Ashanti to unbundle its South African mines was blocked by
the South African government, according to a report by Bloomberg News.
Wits Gold sheds 21% in value in Toronto
Shares in Wits Gold fell a fifth on the Toronto Stock Exchange despite some buying
of shares by the company's key management.
Sable seeks cash flow kicker from Botswana deal
Sable Platinum is to buy just over a quarter of Global Initiatives, a Botswana firm
that gives it access to cash flow from retreating more than 40mt of pig iron.
Exxaro’s Nkosi says iron ore output in 2013
Sipho Nkosi, CEO of Exxaro Resources, said he was hopeful the company would begin iron ore production from its Mayoko prospect later this year.