Amsa, Kumba and ICT rights issues to be probed
The Trade and Industry Portfolio Committee is set to begin a process that will investigate the mining rights issues concerning mining firms ArcelorMittal South Africa, Kumba Iron Ore and Imperial Crown Trading.
Papillon to start $350m Fekola work
Papillon Resources expected to produce gold from its $350m Fekola project in Mali in "less than 18 months".
Universal buys Exxaro’s New Clydesdale
Universal Coal said it would buy Exxaro Resources' New Clydesdale Colliery which was adjacent to its Roodekop operation.
Zambia power surplus being diminished
Mining expansions would eat into Zambia's power surplus next year, said the state-owned utility, Zesco.
Iron ore heading back to $50/t
Iron ore is tipped to retrace recent gains and return to $50/t by the end of September owing to ever increasing supplies.
Jubilee expects headline earnings to rise 35pct
Jubilee Platinum on Tuesday advised that it expected its full year headline earnings per share to be between 15% and 35% higher.
Investec facing R1.3bn R&E investor claim
Investec is facing a R1.3bn claim from shareholders in Randgold & Exploration who want the South African bank to pay them for their shares in the mining firm.
ArcelorMittal buys R3.6bn in AMSA shares
ArcelorMittal would subscribe for R3.6bn worth of shares in its South Africa subsidiary, AMSA, in terms of the firm's R4.5bn rights offer.
Holland says firms not growing in right way
Gold Fields CEO, Nick Holland, said companies operating in Africa had to grow in the right way so as not to deceive governments of their returns.
CoM disappointed with MPRDA return
South Africa's Chamber of Mines said the return of proposed amendments to mining legislation to the National Assembly would create more uncertainty.