Off The Wires

Gupta’s Optimum supplying Eskom’s Arnot

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Eskom is sourcing coal for its Arnot power station from a mine bought by the influential Gupta family.

Minas Rio boosts output, offsets Kumba fall

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The ramp-up of Anglo American's Minas Rio iron ore mine in 2015 had helped offset lower output at its Kumba Iron Ore subsidiary.

Aquarius Pt to redouble cost-cutting measures

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Aquarius Platinum said it would renew efforts to reduce costs at its Kroondal and Mimosa operations in order to fend off rock-bottom platinum group metal prices.

WIPC joins Singapore Bullion Market Assoc.

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The efforts of the World Platinum Investment Council to lift the metal's profile as an investment target received a boost after it joined the SBMA as an associate.

Gold heading for better days as output peaks

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Global gold production peaked in the third quarter of 2015 and was unlikely to summit those levels again for years to come.

Murowa seeks to lift diamond output fourfold

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The former unit of Rio Tinto Group in Zimbabwe, Murowa Diamonds, plans to expand output of rough diamonds fourfold this year.

Gecamines aims to rebuild copper output

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Gecamines has signed an agreement with a Chinese company to build two factories aimed at lifting copper output.

Loudon questions diamond market recovery

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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.

Gold surges to two-month high on haven buying

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The price of gold surged to a two-month high as investors sought a haven amid continued selling of equities.

Saudi Araba keen to attract mining investment

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Saudi Arabia plans to double inflows of foreign direct investment in the country by attracting miners, among other sectors, as it seeks to reduce its reliance on oil.