Guinea approves $20bn Simandou proposal
Guinea has approved the $20bn development of a portion of its Simandou iron ore prospect involving Rio Tinto, Chinalco and the World Bank's IFC.
SA to re-establish top ferrochrome spot
South Africa would regain top spot as the world's largest ferrochrome producer in about five years, a position it recently yielded to China.
Anglo to book $3bn-$4bn charge on coal, iron ore
Anglo will impair its coal and iron ore assets for between $3bn and $4bn at the interim stage while diamond production would be 6% lower.
Trans Hex earnings tumble
Diamond producer Trans Hex has reported a first half headline loss per share of 97.2 cents after posting earnings per share of 7.7 cents in the first half of last year.
Amplats, Sasol handed emissions exemption
Anglo American Platinum, Sasol and Eskom have been granted a five-year exemption from minimum emission standards by the South African government.
Miners face ‘crisis of confidence’: PwC
The top 40 mining companies globally were suffering a crisis of confidence amid plummeting profits.
Mantashe cautions DMR over political strike
Gwede Mantashe, general-secretary of the ANC, has questioned the political nature of the platinum strike and warned the mines minister to handle the issue with care.
NUMSA affiliates to ignore Eskom interdict
NUMSA affiliate said it would ignore an interdict obtained by Eskom banning its workers from going on strike.
De Beers hopes to explore in Angola
De Beers said it had applied for an exploration concession in Angola and hoped to also start exploration in India.
Gold pain far from over – analyst
Pressure on the gold price was set to continue based on the trading activity in the New York futures market in which speculators increased their bearish wagers.