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SA gold mining not for faint-heared: Venkat

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Srinivasan Venkatakrishnan, CEO of AngloGold, also said stakeholders should spend less time fighting over a shrinking pie and more time maximising profits.

Botswana holds inaugural diamond sight

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Botswana's Gaborone staged the first day of its inaugural sight on November 11 when the world's diamond polishers and cutters met in the capital.

Zambia mines troubled when copper hits $5,000/t

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Zambia's copper mines would only be threatened if the copper price sank back to $5,000 per tonne, said the country's mines minister.

NUM to call indaba before wage talks begin

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The National Union of Mineworkers wanted "peaceful and mature" wage talks and is to call a pre-bargaining indaba to establish the rules of the game with stakeholders.

Impala Platinum beefs up board

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Bernard Swanepoel, the non-executive chairman of Village Main Reef, is one of three new independent, non-executive appointments to the board of Impala Platinum.

Eskom to recoup R7.8bn on under-recoveries

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The National Energy Regulator of South Africa said Eskom could recoup R7.8bn in under-recoveries for 2010 to 2013 period giving much needed relief to its balance sheet.

Union Resources bids $136m for Amplats mine

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Union Resources, a company representing a group of South African investors, has bid $136m for Anglo American Platinum's Union mine.

Petra hopeful of diamond restocking

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UK-listed diamond company, Petra Diamonds, said it was optimistic there would be restocking in the global diamond market amid signs of economic growth.

Glencore share option restaints to expire

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Restraints on the sale of shares awarded to Glencore executives when the Swiss commodity group listed in 2013 expire next week.

CoAL secures R210m loan from Investec

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Coal of Africa said it had finalised a R210m loan from Investec which includes the issue of share options at about R1.32/share.