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.
Glencore lifts half-year copper output 13%
Glencore said copper production increased 13% to 741,000 tonnes in the half-year owing to the ramp-up of its Mutanda operation in the DRC.
Timis’ power may be curbed at African Minerals
Roger Liddell, an independent non-executive director of African Minerals said the power of the firm's chairman, Frank Timis, may be reined-in.
Ebola may cut 2% off Liberia growth
Economic growth in Liberia, Sierra Leone and Guinea could be trimmed by up to 2% following the outbreak of the deadly Ebola virus.
Evraz sells 34% in Highveld Steel for R289m
Evraz is to sell a 34% stake in Evraz Highveld Steel & Vanadium for R289m to a company led by Barend Petersen, chairman of De Beers Consolidated Mines.
Radebe reminds miners of national patrimony
Jeff Radebe, minister in the presidency, said mining in South Africa had to benefit the country as the minerals belonged to all its citizens.
CoM wants MPRDA amendments to proceed
The Chamber of Mines of South Africa said it had written to mines minister, Ngoako Ramatlhodi, asking that he allow amendments to the MPRDA to proceed.
Investors warming to gold again
After two years in the shadows, investment in gold is making a comeback with the NYSE Arca Gold Miners Index gaining just over a quarter this year.
RMB issues R2bn in JSE gold bonds
RMB has launched a gold bond, a five-year, interest-bearing KrugerRand-denominated note as of August 12 with the first issue amounting to R2bn.
Marikana a collective failure: Ramaphosa
Cyril Ramaphosa, South African deputy president, said the Marikana atrocity in 2012 represented a collective failure affecting the whole nation.