Off The Wires

Marange diamonds to go on sale in Antwerp

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Diamonds mined from Zimbabwe's Marange fields will be sold in Antwerp in December of January amid claims revenue from the sales finance president Robert Mugabe.

Gemfields sales underpin “firm market demand”

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Gemfields said the results of two auctions at the end of last year demonstrated the market for gemstones remained firm.

Merafe positioned to withstand depressed market

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Merafe Resources paid a dividend and lowered debt despite weaker interim results and said it was well positioned to withstand weak market conditions.

Keaton settles DRA dispute

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Keaton Energy said it had ended a dispute with DRA, an engineering firm, regarding work completed on the coal plant at the Vanggatfontein colliery.

Legal firms to challenge MPRDA amendments

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The MPRDA Amendment bill gave the South African government control of environmental management of mines to the exclusion of the provinces, say lobbists.

Aureus Mining pours first gold from mine

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Aureus Mining poured its first gold mine from its New Liberty project in north-western Liberia.

SA gold mining facing margin crunch

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South Africa's four largest gold miners were operating 35% of production at a loss, said Bloomberg News citing its own data.

Power costs biggest challenge in Zambia

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One of the biggest challenges facing Vedanta Resources in Zambia was the high cost of electricity.

Economy will recover from strike: Davies

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Rob Davies, trade and industry minister, said South Africa would recover from the five month platinum strike as minerals beneficiation took centre stage.

AngloGold bonds boosted on new output

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Yields on AngloGold Ashanti's $600m bond due in 2020 fell as the market looked for more positive news on the gold producer.