Aquarius Pt posts record December output
Aquarius Platinum posted record December quarter production of some 88,794 oz of PGMs after strong performances from its Kroondal and Mimosa operations.
Petra may mothball Helam mine
Petra Diamonds, the UK-listed diamond company, may put its Helam fissure mine on care and maintenance.
Diamond laws failed the sector: Zuma
Diamond laws promulgated more than five years ago had failed to deliver the expected increase in employment.
Zamiba may cut royalties further
Zambia may further reduce royalties payable on underground mining activities to below the recently restated 9%.
Motlanthe declares tripartite alliance dead
A loss of strong leadership within the South African government had undermined the tripartite alliance between the ANC, the SA Communist Party and Cosatu.
Northam credit upgraded after R6.6bn BEE deal
Northam Platinum's credit rating was upgraded by owing to balance sheet improvements, increased output, and a three-year wage deal at Zondereinde.
Grindrod loco lease business targets Africa
Logistics company Grindrod said its new locomotive leasing business would target companies operating in Africa where infrastructure was poor.
Caution greets Zambia royalty amendments
The mining sector was cautious in response to speculation Zambia would impose a flat 9% royalty and 30% corporate tax on underground and open cast mines.
Anglo completes Amapa transaction
Anglo American said it had completed the sale of its Amapa iron ore mine to Zamin Ferrous for an initial total cash consideration of $134m.
Chinese fund looking to counter BHP’s Potash offer
The head of a major Canadian pension fund says a Chinese sovereign wealth fund is interested in making a joint-bid with a Canadian pension fund for fertilizer-maker Potash Corp. of Saskatchewan.