Off The Wires

Amara to build $400m Yaoure project

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UK-listed Amara Mining will spend $400m building its 325,000 ounce per year Yaoure gold project in Ivory Coast.

Zimbabwe to clarify indigenisation

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Zimbabwe has been asked to clarify its indigenisation laws by the International Monetary Fund in order to improve foreign investment prospects in the country.

African Minerals may break covenants

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African Minerals said it was in danger of breaking debt covenants and would attempt to refinance a $250m loan.

Nicky O slips down Forbes rich list

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Nicky Oppenheimer slipped to 210 position on the Forbes 400 list of the world's wealthiest people.

DRDGold gold output to be 7% higher

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Gold production in the September quarter for DRDGold would be between 5% to 7% higher, the company has said.

SA not signed nuclear deal with Rosatom

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South Africa's Department of Energy had signed a framework agreement with Russia and that competing deals would be sought from the US and China.

London Mining falls to record low

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London Mining said it had to raise finance in order to keep trading - an announcement that added further pressure to it share price down 92% this year.

Iron ore prices at “pain point”, says Albanese

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The price of iron ore has fallen 42% this year, a level that former Rio Tinto boss, Tom Albanese, said represented a "pain point" for high cost producers.

AngloGold rights issue was “not a surprise”

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Sipho Pityana, chairman of AngloGold Ashanti, rebuffed suggestions the firm should have first consulted shareholders before its failed $2.1bn rights issue and demerger.

AMCU wins recognition at Sibanye’s Beatrix

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AMCU has won recognition at Sibanye Gold's Beatrix gold mine in the Free State province.