DRDGold swings into profit
DRDGOLD swung into profit for the first nine months of its 2014/2015 financial year as gold output increased 11% and it reined-in costs.
BHP slows Australian iron ore expansion
BHP Billiton is slowing down its expansion plans in iron ore, the first big miner to pull back as a global supply glut sends ore prices tumbling.
Merafe Resources lifts Q1 output 15%
Merafe Resources increased ferrochrome production 15% for the quarter ended March, the company said.
US firms fail to monitor African conflict minerals
US firms failed to meet rules that require them to monitor if their products contain minerals from war-torn Africa, said two human rights groups.
Eskom problems overstated: Molefe
Brian Molefe, acting CEO of Eskom, said the utility's balance sheet and power generation problems were not as bad as stated.
Marampa stopped amid possible sabotage
Production at the Marampa iron ore mine in Sierra Leone has been stopped following unverified reports of sabotage, said Cape Lambert Resources.
Zambia confirms 9% royalty on miners
Zambia would apply an 8% royalty on open cast and underground mines in an effort to calm investor nerves after earlier passing laws for much higher payments.
Shandong buys Tonkolili rump for $170m
Chinese group Shandong Iron & Steel Group bought 75% of African Minerals' Tonkolili mine in Sierra Leone for $170m and will spend $600m expanding it.
Harmony output down 10% in March Q.
March quarter gold production was affected by slow start ups post the December holidays and safety-related stoppages.
Mathunjwa disputes CoM’s membership data
AMCU's membership was closer to 40,000 in the gold and coal sector, said the union's president, Joseph Mathunjwa.