Gold miners jump on risk aversion
JSE-listed gold mining stocks have surged in early trade as investors take shelter from the deteriorating global economic outlook and Europe's worsening debt crisis.
Xstrata shakes off flooding woes
Xstrata has posted financials in line with forecasts, with a 30% jump in interim profit, pointing to a stronger second half as its copper unit helps the miner recover from a flood-hit start to 2011.
Diamondcorp’s Lace posts fancy results
The average value of the first diamonds recovered from the initial sampling work at Diamondcorp's Lace mine in the Free State is far higher than expected.
Gold producers, unions to resume talks
Gold mine workers and producers are to resume wage talks aimed at ending a strike that is costing the companies up to $25 million a day in lost output.
Ban chrome ore exports, says Merafe
Merafe CEO Stuart Elliot wants levys and volume curbs placed on the exports of chrome ore which he says are benefitting China and harming South Africa.
Shabangu speaks out on Hawks raid
Mines Minister Susan Shabangu has described a raid by the Hawks on her ministry's offices as sinister, and says a new mines DG will be appointed within two weeks.
Shabangu: ‘No quick fix’ on nationalisation
Uncertainty regarding mining sector nationalisation would be inevitable as government sought to tackle matter through its internal processes, says the mines minister.
Deal reached to end gold strike
A strike in South Africa's gold mining sector has ended after a two-year wage deal was clinched, unions and the Chamber of Mines say.
Davies to probe Exxaro refinery closure
A team is to investigate the imminent shutting down of Exxaro's zinc plant, says Trade and Industry Minister Rob Davies.
Xstrata decries ‘unilateral’ policy changes
Governments seeking a greater share of mining profits should implement changes in regulations and taxes prospectively, and not retrospectively, says Xstrata CEO Mick Davis.