Loudon questions diamond market recovery
Paul Loudon, CEO of DiamondCorp, said the firm would remain flexible on maiden sales of some 7,449 carats recovered so far from its Lace operation.
RBPlat halts Styldrift work after accident
Work at a shaft in Royal Bafokeng Platinum's Styldrift project has been suspended following an accident in which seven employees were injured.
Eskom to buy Optimum export coal
Eskom is to buy export quality coal from Glencore's Optimum coal mine in which it will then blend down at signficant cost - an arrrangement dubbed as "crazy".
‘Strike can’t go on forever’ – Mathunjwa
Joseph Mathunjwa, president of the Association of Mineworkers & Construction Union said the 19-week strike in the platinum sector "couldn't go on forever".
DRDGold to spend R23m on Ergo expansion
DRDGOLD is to spend R23m expanding its Ergo gold retreatment plant by 300,000 tonnes per month to 2.1 million tonnes/month
NUM tables opening wage demand of 37% for gold miners
SOUTH Africa's National Union of Mineworkers (NUM) has submitted its first gold industry wage demand calling for a 37% hike over two years, said...
Lonmin strike hanging in the balance
There was a 50:50 chance that the Associated Mineworkers & Construction Union would press ahead with a strike at Lonmin's Marikana mine.
Gold demand slides 16% in Q2
Gold demand fell 16% in the second quarter on a decline in jewellery sales, said the World Gold Council.
Merafe full-year earnings up to 26% lower
Merafe Resources said depreciation charges, increased borrowing costs, and restructuring would lead to annual earnings lower by 19% and 26%.
DiamondCorp posts loss, Lace on time
DiamondCorp posted a higher loss in 2014 despite reining in administrative costs, but added that underground mining from Lace in Lesotho was on schedule.