Off The Wires

Strong rand hits Optimum Coal

A weaker export coal price and a stronger rand have put Optimum Coal's earnings under pressure.

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.

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.

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...

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.

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.

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.

Gold slips, fresh demand low

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

Chinese firm to run Zambia’s Luanshya

The Zambian government has chosen China's NFC Africa to run its Luanshya Copper Mines due to reopen in May.

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.