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Macozoma: beneficiation needs power surety

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Abundant electricity and clarity on the costs thereof are prerequisites for the formation of downstream beneficiation industries, says Tshipi e Ntle chair Saki Macozoma.

Rand slides on Euro nerves, poor growth

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The rand slide to 7.4 against the dollar, a decline of 1.7% on Wednesday in nervous trade ahead of more European talks on Greece's debt and weakening domestic growth in South Africa.

Fedusa: Govt not serious about acid water

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The Federation of Unions of SA has accused the government of not addressing the threat of acid mine drainage.

Petmin drives its diversification strategy

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Petmin has sold its Samquarz silica mine at a handsome profit as it diversifies into commodities such as iron ore and copper where chairman Ian Cockerill believes future profits lie.

Guinea to review mining contracts

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Unconscionable provisions in mining contracts conducted with Guinea's former government would be overturned in a comprehensive mining review announced by the country's mines minister.

SA economy sheds more jobs

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Another 49,306 jobs were lost in August, the fourth consecutive monthly decline, while only government created jobs, according to the latest Adcorp Employment Index.

BHP hits impasse with unions

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BHP Billiton faces more work stoppages at its coal mines in Australia after negotiations with a union had reached an impasse.

Guinea doubles state mines ownership

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It's now law for the Guinea state to take a 15 percent free-carry in mining projects and buy another 20 percent in yet another demonstration that Africa's governments want more of the resource pie.

Gold heads for $2,000 on India festival buying

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Worries about Euro debt and the imminence of more physical buying by Indians despite record spot prices will drive gold ever higher, analysts say.

Mugabe stands firm on indigenisation

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Platinum and diamond miners hoping for wriggle room in indigenisation talks with Zimbabwe were reminded by the country's president there would be no change in the policy.