Paladin to sell 25% in Langer-Heinrich
Paladin Energy is to sell a one quarter stake in its Langer-Heinrich uranium mine in Namibia to China National Nuclear Corporation.
GlencoreXstrata to make JSE debut Nov 13
GlencoreXstrata confirmed it would be making its debut on the JSE on November 13 following approval by the South African bourse.
Friedland exits as Ivanhoe, Rio sign financing deal
Ivanhoe Mines says its founder and Chief Executive Robert Friedland has resigned as
part of a financing deal with majority shareholder Rio Tinto.
Kuyasa plans $1.7bn, 600MW power plant
Junior miner, Kuyasa Mining, said it was part of a consortium bidding to build a $1.7bn, 600MW power plant supplied with coal from Kuyasa's Delmas coal mine.
Ghana asks AngloGold to keep cuts ‘reasonable’
AngloGold Ashanti has been asked by the Ghanaian government to keep a cost reduction programme at the Obuasi gold mine "reasonable".
Coal employers offer 5.6% wage lift
The Chamber of Mines offered a 5.6% wage lift for employees in the coal sector and said it was hopeful of finding a speedy conclusion to negotiations.
AngloGold credit rating due for upgrade
The credit rating of AngloGold Ashanti should be improved after the company had cut costs, lifted production and settled wage agreements.
Eskom board not to be overhauled: Nene
The government was increasing the size of Eskom's board and replacing its chairman, but was not overhauling it, said finance minister Nhlanhla Nene.
BEE deal not forced on Gold Fields
Gold Fields was not coerced into choosing certain partners in order to empower its South Deep mine, said a former official at the mineral resources department.
Barrick writes down $8.7bn, cuts dividend
Barrick Gold Corporation took a massive write-down in action described by CEO, Jamie Sokalsky, as "prudent".