Prospecting audit shows major breaches
UPDATED: The department of mineral resources says preliminary findings of an audit into prospecting licences are "not encouraging'.
Afripalm granted R1.3bn injection
Nedbank Capital says it has concluded a R1.3bn refinancing deal of Afripalm Resources.
Harmony off to slow start
Harmony Gold's ambition of mining 1.7 million oz in its new financial year has hit an early setback as the group reported production figures of 336,650oz for the first quarter.
Harmony waiting on PNG bonanza
Harmony Gold has talked up the billing of its Wafi-Golpu project as the "gold find of the century', but questions remain over the group’s immediate growth prospects.
Exxaro shuts down furnace
Diversified miner Exxaro will lose 9 000 tonnes per month in slag production after shutting down a furnace at its Kwazulu Natal mineral sands unit following an incident.
RBCT sets new export record
Richards Bay Coal Terminal broke its monthly export record set in December 2005 at 7.24 million metric tonnes, by exporting 7.38 million metric tonnes in October, the group says.
Transnet acting CEO resigns
Chris Wells, who has acted as Transnet group CEO since March 2009, will leave at the end of March 2011, according to the Transnet board.
Anglo Pt gains on cautionary
Shares in Anglo Platinum were 3.4% higher on Friday following news its was involved in negotiations that could have a material effect on its share price.
NewGold planned for Kenya, Botswana and Nigeria
Absa Capital is in talks to list its gold-backed exchange traded fund in a number of African countries.
Zimbabwe to resume diamond exports
Zimbabwe plans to resume selling diamonds from its controversial Marange fields within days, saying it fully meets the standards required by the body that regulates trade in conflict diamonds.