Off The Wires

Mozambique coal rush is officially over

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Mozambique has switched its attention to developing offshore gas resources signalling the end of the country's coal rush.

Gold One to bid for balance of Goliath shares

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Goliath Gold has received notice of a proposed cash bid by 72% shareholder, Gold One, for the shares in the firm it doesn't already own.

Aquarius to review shafts as platinum falls

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Aquarius Platinum would conduct a viability test of each of its shafts following further downward pressure on the dollar platinum price.

Demand for gold bars, coins slides in Q2

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Global demand for gold coins and bars fell 12% in the second quarter to 238 tonnes, 63% off the high of 636 tonnes in the second quarter of 2013.

Vedanta’s Gamsberg on track for 2018 output

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Vedanta Resources' Gamsberg mine in South Africa's Northern Cape province was due to produce zinc from early 2018.

Vale dealt blow as coal stacker collapses

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Vale's efforts to export coal from Mozambique in the third quarter were dealt a serious blow after a coal stacker collapsed at Nacala port.

Village Main seals deal on wage with NUM

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Village Main Reef signed an an across-the-board increase of R1,000 for all underground employees and R800 for surface employees.

First Quantum, Barrick hit by Zambia load-shedding

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Mines owned by First Quantum Minerals and Barrick Gold had been affected by power cuts in north-western Zambia.

CoAL to finalise Makhado by mid-2016

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Coal of Africa said the process of identifying potential strategic partners to help it fund the Makhado coking coal project was "on track".

Lucapa raises $4m through share placement

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Lucapa Diamond Company has raised $4m through a placement of shares which it will use to fund modifications to its Lulo Diamond project in Angola.