Off The Wires

De Beers pins hopes on merry Xmas

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De Beers is hoping a heavily funded advertising campaign will give diamond sales a boost as the company heads into the critical last six weeks of the year.

Glencore starts laying off Zambia workers

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Glencore has started laying off workers at its Zambia copper operations Mopani Copper Mines, said Reuters.

Eskom lifts profit 22% despite volume fall

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Eskom reported a 22% increase in interim profit even though electricity volumes declined to 107,307 gigawatt-hours, a fourth straight first-half decrease.

Eskom capital programme progressing

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Eskom's capital programme was progressing well with Medupi unit 6 and the Sere wind facility allowing it to undertake maintenance on its existing fleet.

Copper falls to lowest in six years

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The copper price fell below $4,500 a tonne for the first time in more than six years as Chinese producers ramp up output replacing recent cuts elsewhere.

Rio Simandou lawsuit dismissed in US ruling

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A US court dismissed a Rio Tinto lawsuit in which it claimed Brazil's Vale had conspired with BSG Resources to misappropriate the iron ore mining rights.

DiamondCorp overcomes “operational challenges”

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DiamondCorp said it had overcome some of its recent operational challenges by resuming tunnelling at its Lace diamond mine.

Zambia’s Lungu to meet unions on job cuts

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Zambia president, Edgar Lungu, is to meet with the country's unions to discuss the impact of plans by copper producers to cut thousands of jobs.

Power disruptions, breakdowns hit Metallon

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Metallon Corporation posted a 7% drop in gold production year-on-year during its third quarter due to equipment breakdowns and increased power disruptions.

Mali on course for 60 t of gold in 2017

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Gold production from West Africa's Mali could rise to 60 tonnes by the end of 2017, the country's mines minister has said.