Brown may nail colours to R4bn CoAL plan
Coal of Africa this week published plans for a R4bn coking coal project, a development that entice a long-term commitment from interim CEO, David Brown.
Venkat bullish on deal with labour, Govt
AngloGold Ashanti CEO, Srinivasan Venkatakrishnan, expressed optimism that South Africa would solve the labour protest and violence at its mines.
Perpetrators will go to jail: Amplats’ Griffith
Chris Griffith, CEO of Anglo American Platinum, said the government had finally taken the right steps that would stem mine violence and send perpetrators to jail.
ARM, Assore to build smelter in Malaysia
African Rainbow Minerals and Assore are to build a $300m ferromanganese smelter in Malaysia owing to the access to cheap power, the companies said.
Study shows the pitfalls of miner optimism
A recent study by consultancy PwC confirms we are dealing with a market that shows the benefits, hallmarks, and excesses of miner's optimism.
Harmony Gold to write down Hidden Valley
The decline in the gold price and the poor performance of Hidden Valley meant Harmony Gold would have to write down a portion of the asset, it said.
Rio, Guinea agree to expedite Simandou
A high level meeting in London between Rio Tinto, the Guinea government and the IFC has given fresh momentum to plans to build the Simandou iron ore project.
SA, Russia at cross purposes on PGM cartel
Are South Africa and Russian singing from the same hymn sheet in respect of establishing an Opec-style platinum organisation?
Amplats protest muddies Govt summit progress
UPDATED - Up to 2,400 workers are being prevented from existing an underground shaft at one of Amplats' Rustenburg mines, the company said.
Rand helps SA gold firms absorb Eskom hike
Assuming a relatively stable gold price of $1,400/oz, SA gold shares can start to offer some value with the rand weakness already offsetting power tariff increases.