SA gold mining not for faint-heared: Venkat
Srinivasan Venkatakrishnan, CEO of AngloGold, also said stakeholders should spend less time fighting over a shrinking pie and more time maximising profits.
Caution greets Zambia royalty amendments
The mining sector was cautious in response to speculation Zambia would impose a flat 9% royalty and 30% corporate tax on underground and open cast mines.
Congo code changes “would spell disaster”
A business group in the Congo said proposed increases in royalties on copper, gold and diamonds would spell disaster for the African country's economy.
Brown to seek more Eskom board members
Lynne Brown, public enterprises minister, would seek a chartered accountant for Eskom's board as she sought to unravel the mystery of its finances.
Gold Fields Q1 output to fall 10%
The Christmas break would hit Gold Fields March quarter gold output but full year guidance of 2.2 million ounces was intact.
Severstal needs partner for $3.5bn Putu
Severstal, the Russian steelmaker, said Liberia's $3.5bn iron ore deposit, Putu, could only be developed in joint venture.
KEFI to mine Ethiopia for gold, silver
KEFI Minerals is to mine gold and silver in Ethiopia after taking over the exploration rights of the Tulu Kapi project from Australia's Nyota Minerals.
BHP, Rio sending wrong message in iron ore
The over-supply of iron ore to China sent the wrong message and was a flawed strategy of the major miners, said Colin Barnett, the premier of Western Australia
Tharisa posts record Q2 PGM production
Tharisa took platinum group metal production to 33,000 ounces in the March quarter helped by a record production in the final month of the period.
Medupi work grinds to a halt: Numsa
Work at Eskom's Medupi power project ground to a halt as workers in their thousands stayed away in protest of others who had been fired.