Zambia withheld $500m in VAT repayment
The Zambian authorities has withheld up to $500m in value added tax repayments because miners have failed to comply with new import rules.
BHP defends iron ore growth strategy
BHP Billiton's strategy of increasing iron ore production and cutting costs as the price for the mineral plummeted increased Australia's competitiveness.
Assore full-year headline earnings plunge
Mining holding company Assore reported a 54.7% decline in full year headline earnings per share to 6.241 cents for the financial year to end June 2010 from 13.772 cents for the previous period.
African Minerals facing UK law suit
Leigh Day is to sue African Minerals on behalf of 142 claimants who lived in villages near the mining firm's Sierra Leone mine.
Record for Eastplats’ Crocodile River
Eastern Platinum has reported record production figures for its Crocodile River Mine in the September quarter.
Rio to cut spending by half
Sam Walsh, CEO of Rio Tinto, said the group would cut capital spending to $8bn in 2015 - half its outlay in the last financial year.
Mid-cap gold miners benefiting from pain
Australian best performing gold stock, Northern Star Resources, has benefited from the moves by majors to sell non-core assets in order to lower debt.
Zwane hails end of ASA sit-in
South African mines minister, Mosebenzi Zwane, hailed the successful conclusion to an underground sit-in by 200 miners at the property of ASA Metals.
NUM wants to participate in Aurora case
The NUM has called on Riah Phiyega, the National Commissioner of Police, to allow it to participate in the investigation against Aurora directors.
Kili Teke on way to “magnificent resource”
Finding 4 million ounces of gold equivalent at Kili Teke in Papua New Guinea was step one in growing a magnificent resource, said Harmony CEO, Graham Briggs.