Off The Wires

Rockwell scores at Kimberley mines

Five large diamonds of 50 carats and above have been discovered at Rockwell's Holpan, Klipdam and Saxendrift mines bringing the total number of plus 50-carat stones discovered in its current fiscal year to eleven.

Pan African lifts full-year profit 79pct

Pan African Resources (PAN), the African-focused gold mining company, reported a 25% improvement in its full year diluted headline earnings per share to 1.06p from 0.85p previously.

Thabex, Angel Diamond case deferred

The case involving Thabex, the junior mining and exploration company, and Angel Diamonds has been postponed to October 6, 2010 in the High Court of Lesotho.

Anglo still to sell Scaw Metal’s SA ops

Anglo American's has confirmed plans to sell Scaw Metals' South African operations as part of a divestment programme are still on the cards.

Rio Tinto invests US$1.6bn in Aussie iron ore

Resources giant Rio Tinto approved a US$1.6bn investment to develop the Hope Downs 4 iron ore project in Western Australia and link with Rio Tinto's existing rail, power and port infrastructure in the Pilbara.

Chrometco tumbles, restates 3 years of earnings

Shares of Chrometco Ltd tumbled more than 9% to 10 cents after the South African mining exploration group said it would restate its earnings figures for the past three years.

Lafarge Mining climbs BBBEE verification ladder

Lafarge Mining, the company with interests in limestone, has been awarded a Level 3 status in its recent Empower-Logic BBBEE verification, according to the firm.

Court hears Kebble was jovial before death

Dominic Ntsele, the former friend of mining magnate Brett Kebble, testified at the Johannesburg High Court stating that the former JCI boss seemed in a good mood on the night he was killed.

Vale to cut iron ore prices by 10pct

Vale, the world's largest iron ore miner, confirmed it would be cutting its average iron ore prices by 10% in October.

First Quantum delays shut down of Zambian plant

First Quantum Minerals, the Canadian mining company, has postponed its plans to halt copper production at the Bwana Mkubwa processing plant in Zambia to September.