Off The Wires

Zim CoM rejects state-run mineral sales

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Zimbabwe's Chamber of Mines rejected a mining policy document proposing the state control the sale of minerals and auction mineral deposits.

UK may tighten listing rules amid scandals

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The Bumi and ENRC scandals in recent months have raised questions as to whether the UK should tighten its flexible listing regulations.

Gold exploration falls 55% in 2013

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A report by consultancy IntierraRMG found that gold exploration had fallen 55% in March year-on-year but cash extraction costs were still higher than the gold price.

Gold in most consecutive losses since 2009

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Gold recorded its longest running losing streak in four years as investors preferred equities over the metal.

Zim involved in secretive mining deals

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A governance organisation has criticised Zimbabwe's government for concluding a series of secretive mining deals, some involving Chinese companies.

‘Amcu won’t call illegal strike’: Gama

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The Associated Mineworkers & Construction Union (Amcu) said it would not call an illegal strike and wasn't behind the proposed sit-in at Amplats.

Pan African to offset output drop

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Pan African Resources said it was seeking means to offset a forecast decline in gold production at its Evander gold mine as it encountered low grade areas.

Soros leads liquidation of gold-backed ETFs

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George Soros was among the high profile investors to dump gold-backed exchange traded products last month.

Colourless diamond sells for record $26.7m

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The biggest flawless colourless diamond to appear on auction sold for a record $26.7m in Switzerland last night.

Progress in black coal miner push: Gigaba

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Malusi Gigaba, public enterprises minister, said there had been progress in efforts to establish a new generation of black controlled coal mining companies.