Off The Wires

Ghana gold output may fall 18%

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Gold production in Ghana may fall as much as 18% following cuts at mines, said the country's Minerals Commission.

Resgen says debt, equity markets difficult

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Resource Generation said that the decline in coal prices from about 2008 had made the debt and equity markets difficult to work in.

CRG shares boost after equipment gain

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Shares in Central Rand Gold gained the most on record after fresh investment allowed it to buy new crushing equipment.

Rockwell surges 70% on diamond finds

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Shares in Rockwell Diamonds surged as much as 70% this week as investors responded enthusiastically to the firm's large diamond finds.

Dubai-backed FCF to take on market

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A Dubai-based Russian businessman, Alibek Issaev, has bought 50% of Rustenburg's Ferrochrome Furnaces in a deal that involves Sir Sam Jonah.

Implats questions beneficiation plans

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Impala Platinum questioned the meaning of beneficiation as contained in proposed amendments to the Minerals & Petroleum Resources Development Act.

CRG says dam delayed by three weeks

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Central Rand Gold said a three-week strike in the construction sector had delayed construction of a dam aimed at stemming the effects of acid mine drainage.

AMCU entitled to strike, says Motlanthe

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The Associated Mineworkers & Construction Union was entitled to strike at mines where it was the majority union, said South African deputy president Kgalema Motlanthe.

Mugabe cabinet leaves investors wary

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Robert Mugabe's new cabinet, filled with loyalists, signalled a return to policies that led to a 40% contraction in the economy.

Petmin’s Somkhele mine calls strike

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About 100 employees of Somkhele operator, Tendele Coal Mining, have been on strike since September 16 over wages and benefits.