Off The Wires

De Beers hopes to explore in Angola

0
De Beers said it had applied for an exploration concession in Angola and hoped to also start exploration in India.

Motlanthe may spur platinum wage talks

0
Kgalema Motlanthe, SA's deputy president, may help restart platinum wage talks following a scheduled meeting with the mining sector on March 27.

BHP to seek $6bn credit refinance

0
BHP is to seek $6bn in a revolving credit facility that will see it take advantage of the lowest borrowing costs offered to investment grade companies in years.

Namibia diamonds out price neighbours

0
Namibia said what it didn't have in terms of diamond quantity, it made up in quality with its gems selling for $450 per carat.

Beacon Hill receives Mozi wagons

0
Beacon Hill Resources said it had taken receipt of 90 wagons at Mozambique's Beira port which would help establish its coal export capabilities.

Chancery bets on up-cycle for gold firms

0
Singapore-based Chancery Asset Management has established a $10m fund for gold and silver junior miners in the belief they will outperform the price of gold.

Gold extends retreat on rates threat

0
The US Federal Reserve may lift the benchmark interest rates after ending bond purchases next year, a development that put the skids under gold.

Platinum strike to cost SA 0.25% in growth

0
The platinum sector strike, now in its eighth week, would cost South Africa about a quarter of a percent in economic growth, equal to about R9bn in export revenue.

Amplats share may reverse sharply

0
Shares in Anglo American Platinum may reverse sharply once the costs of returning strike-hit production were computed.

Numsa agrees wage pact with Amplats

0
The National Union of Metalworkers of South Africa agreed to a 8.5% to 7.5%, three year wage increase with Anglo American Platinum.