Kumba to depart Top 40 as iron ore tumbles
Kumba Iron Ore, the Anglo American subsidiary, will depart Johannesburg's Top 40 Index following a collapse in the price of iron ore to $50/t from $160/t in 2013.
De Beers: Don’t call synthetics a diamond
De Beers has warned clients to be on guard against synthetic diamonds which take only hours to grow in a laboratory.
Eskom to cut maintenance as winter beckons
South Africa energy minister, Ben Martins, said the power utility, Eskom, would cut maintenance in order to avoid load-shedding during winter.
Vedanta halts Zambia job loss plan
Vedanta said it would not proceed with plans to retrench about 2,000 jobs at its Zambia copper mine.
Kumba to post one quarter fall in earnings
Kumba Iron Ore said it expected to post a one-fifth decline in headline earnings to R6.2bn for its 2014 financial year owing to lower iron ore prices
Jubilee weighs toll treatment offer
Jubilee Platinum is considering an offer to process ore that will help it part fund the recommissioning of a mine owned by its buy-out target, Platinum Australia.
Platinum miners submit refinery plans
Platinum miners operating in Zimbabwe have submitted plans to the southern African government to build a platinum group metal refinery, it has been reported.
Ebola to effect London Mining’s Marampa
The Ebola virus contagion would effect the operations of London Mining's Marampa iron ore mine in Sierra Leone in the second half of its financial year.
Burkina Faso adopts new mining codes
Burkina Faso has passed a new mining code in which it will abolish a 10% tax break on mining company profits.
RBCT deliveries interrupted until Feb 9
Disruption to power cables would see coal deliveries to Richards Bay Coal Terminal interrupted until the week ending February 9, said Transnet Freight Rail.