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Friedland exits as Ivanhoe, Rio sign financing deal

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Ivanhoe Mines says its founder and Chief Executive Robert Friedland has resigned as part of a financing deal with majority shareholder Rio Tinto.

Zimbabwe backtracks on indigenisation

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Zimbabwe's banking and services sectors did not have to comply with indigenisation in the same way was mining, the indigenisation minister has said.

Newcastle reboot to lift AMSA in 2015

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ArcelorMittal South Africa said cost cutting and increased volumes would make a positive contribution to its half-year figures.

NUMSA affiliates to ignore Eskom interdict

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NUMSA affiliate said it would ignore an interdict obtained by Eskom banning its workers from going on strike.

AMCU extends olive branch to NUM

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Joseph Mathunjwa, president of AMCU said he had invited NUM leader Senzeni Zokwana to join him in commemorating the Marikana killings on August 16.

Transnet faces R85bn class action

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Transnet faces an R85bn class action from members of its pension funds who claim the firm stripped the funds of assets.

Economy will recover from strike: Davies

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Rob Davies, trade and industry minister, said South Africa would recover from the five month platinum strike as minerals beneficiation took centre stage.

London Mining falls to record low

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London Mining said it had to raise finance in order to keep trading - an announcement that added further pressure to it share price down 92% this year.

Namdeb searches for 78 carat diamond

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Police in Namibia are searching for a missing 78 carat diamond which went missing from Namdeb during a recent strike.

Rockwell recovers four 100c plus stones

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Rockwell Diamonds said the discovery of four high value stones in the Middle Orange River supported its decision to use technology in that region.