Metorex raises Q3 copper output
Diversified mining group Metorex reported a 13% increase in September quarter copper production.
Chinese mull $14bn Guinea bauxite project
Chinese company Shandong Xinfa Aluminium & Electricity Group is considering investing $14bn in a bauxite project located in Guinea.
Anglo facing credit downgrade
Anglo American was facing a downgrade of its credit rating following the 16% decline in copper last month and news it would impair assets.
Platinum may rise on strike conclusion
Platinum may continue to surge because there is less incentive for producers to hold back the price following a five month strike in South Africa.
Pan African loses output at Evander, Barberton
Pan African Resources said it lost gold production this month at its Barberton and Evander gold mines following safety related closures.
AMCU’s Mathunjwa rejects minimum wage
Joseph Mathunjwa, president of the Association of Mineworkers & Construction Union, dismisses Cosatu proposals for a minimum wage as "a gimmick".
Namibia won’t cut tax rate for Anglo
Namibia said it would not cut its tax rate for Namdeb Diamond Corporation, a company in which Anglo American has a 50% stake.
Gold Fields gold reserves down 11%
Gold Fields cut its gold reserves 11% owing to the decline in the gold price which now sees the firm planning at $1,300/oz from $1,500/oz a year earlier.
Kumba may cut output as iron ore heads lower
Kumba Iron Ore may be forced into more production cuts as prices for the mineral head below its $45/t break-even.
Mosebenzi says 32,000 jobs at risk in SA mining
Up to 32,000 jobs could be shed in South Africa's mining sector owing to the slump in the commodities and metals markets.