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De Beers extends sight contracts by a year

De Beers' company, the Diamond Trading Company, extends sightholders' contracts by a year.

S.Korea steel body joins iron ore price protests

The Korea Iron & Steel Association said it has joined European and Chinese steel bodies to oppose recent raw material price increases.

Rio sounds death knell for annual iron ore pricing

Rio Tinto says it is dumping the annual iron ore pricing in favour of quarterly pricing. It is the last of the top three to do so.

Rough diamonds show resilience

Continued strong demand for rough diamonds will see significant gains in revenue and cash flow for all diamond miners this year according to RBC Capital Markets analyst Des Kilalea.

Weak China copper demand drives surplus

The global copper market showed a supply surplus of 777,000 tonnes in 2009 due to weak demand from economies outside of China, GFMS says.

Barend Petersen new CEO of De Beers

Diamond giant De Beers has announced the appointment of Barend Petersen as CEO of De Beers Consolidated Mines (DBCM) with effect from April 2010.

Anglo nears sale of $1bn zinc business

Anglo American nears the sale of its $1bn-plus zinc businesses.

Implats retirees to boost ops

Impala Platinum has put two former executive stalwarts - ex-CEO John Smithies and former head of Rustenburg operations Paul Visser - back in harness as it strives to improve its Rustenburg operations.

Metmar acquires 40% of Zim Alloys Chrome

Metmar Africa, in which JSE-listed Metmar Limited, has acquired a 40% stake in Zimbabwe Alloys Chrome for $51.3m.

Wesizwe hunts partner, clears Solomon

Wesizwe hunts for a partner to develop its platinum project after its CEO Mike Solomon is cleared of any financial impropriety, clearing the air after a heated boardroom battle last year.