Off The Wires

S.Evraz Highveld slides after H1 loss

Shares of steel maker EVRAZ Highveld Steel and Vanadium dropped by 4.8 % to R77 following its announcement of a first half headline loss.

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.

Palabora sells 26% to BEE group

-- SOUTH Africa's largest copper miner Palabora Mining Company said on Monday it is to sell 26% of its operations to a broad-based...

Zimbabwe should scrap indigenisation law

A law requiring foreign owned firms to sell majority stakes in their business should be scrapped, an industry official has said.

SA port woes trouble Indian coal buyers

Indian coal buyers are avoiding shipping from the Richards Bay Coal Terminal, put off by much slower bunker fuelling and higher bunker prices.

Gold slips, fresh demand low

Gold slipped on Friday following US data and fresh demand for physical gold remained scarce, analysts said.

SA electricity demand to hot up

Electricity demand is expected to increase in South Africa as the winter approaches but is unlikely to cripple the country's mining sector.

Guinea mine collapses, kills 13

At least 13 artisanal miners have died in Guinea after a mine where they were digging for gold collapsed, the Guinea government said.

Vale in iron ore export crisis

Brazilian miner Vale declared force majeure on iron ore it was contracted to deliver on the domestic market after flooding on a key train line.