New diamond finds crucial to industry
New discoveries of diamonds were crucial or the industry would see increased fabrication of synthetic diamonds to plug the supply deficit.
Namibia to invite rail tenders by year-end
Namibia was hoping to kickstart plans to build a $15bn, 1,500 kilometre rail-route from Botswana's Mmamabula coalfields to its port at Walvis Bay.
BHP Spinco may attract predators
BHP Billiton's proposed unbundling could create a company well positioned for a recovery in metal prices, and that would tempt predators, analysts said.
Mathunjwa desired bargaining council seat
Joseph Mathunjwa, president of AMCU, asked for a place on the bargaining council at Lonmin's Marikana mine in return for getting workers "off the koppie".
Paulson opposes AngloGold demerger
John Paulson whose company Paulson & Co owns 6.6% of AngloGold Ashanti said he would not vote through the proposed $2.1bn rights issue and demerger.
Favourable business climate for beneficiation
Roger Baxter of the Chamber of Mines, said beneficiation was best facilitated once the business climate was favourable.
Exxaro’s Nkosi sells R5.2m in shares
Sipho Nkosi, CEO of Exxaro Resources, sold shares in the coal and diversified company worth R5.2m in two separate transactions.
Iron ore price reached “inflection point”
The price of iron ore had reached an inflection point and was unlikely to recover, according to a report by Goldman Sachs called 'The end of the Iron Age'.
Petra gem may fetch $20m: report
A 232 carat diamond discovered by Petra Diamonds at its Cullinan mine in Pretoria, South Africa, could fetch as much as $20m, an analyst said.
Zuma to rescue Lesotho peace deal
South African president Jacob Zuma will attempt to recuse the peace deal he brokered in Lesotho.