Lonmin ‘set’ for 950,000 oz target
All is in place to achieve an output target of 950,000 ounces by 2015, says platinum producer Lonmin.
Vale’s Metorex quest likely to end
The chance of a bidding war breaking out for Metorex is doubtful, especially as Jinchuan has set down plans to further improve its R8.90 per share offer.
CoAL shares rocket on Vele go-ahead
Coal of Africa’s shares are surging after an announcement that it has been authorised to restart operations at Vele, its coal project close to Mapungubwe.
Major oil find off Namibian coast
Billions of barrels in oil reserves have been found off Namibia's coast, which could make the country a top producer.
Gold Fields sees output rise, but doubts remain
Gold Fields expects its production in the second quarter to rise by 5%, while analysts said it would struggle to meet its year target.
Rockwell speeds up projects
Rockwell Diamonds has accelerated a number of projects to enhance the recovery of diamonds on existing operations as well as at the Tirisano project.
Chinese beat Vale’s Metorex bid
Metorex has received a better takeover bid offer from Jinchuan, but Vale is sticking to its price.
Num threatens gold sector strike
The National Union of Mineworkers says it is preparing to strike after the Chamber of Mines refused to budge from its 4.2% wage hike offer.
Cosatu, ANCYL ‘on same page’ over nationalisation
The ANC Youth League's position on nationalisation and land reform is in line with that of Cosatu and its affiliate Numsa, says the union's general secretary Irvin Jim.