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Canada to impose tough terms on BHP

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Canada is set to approve BHP Billiton's $39bn bid for Potash Corp, a newspaper reports, but it may impose onerous conditions which could threaten the world's biggest deal this year.

Afripalm granted R1.3bn injection

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Nedbank Capital says it has concluded a R1.3bn refinancing deal of Afripalm Resources.

Chamber of Mines elects new office bearers

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The Chamber of Mines has elected BHP Billiton SA chairperson Xolani Mkhwanazi as its new president.

Nationalisation ‘will cost taxpayers’

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Nationalised mines would have burdened South African taxpayers with R67bn in 2009, says outgoing Chamber of Mines president and Exxaro Resources CEO Sipho Nkosi.

Prospecting audit shows major breaches

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UPDATED: The department of mineral resources says preliminary findings of an audit into prospecting licences are "not encouraging'.

African Diamonds, Lucara to proceed with AK6

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African Diamonds and its joint venture partner Lucara Diamond Corp says they have decided to proceed with the development and construction of the AK6 diamond project in Botswana.

Harmony off to slow start

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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.

RBCT sets new export record

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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.

Exxaro shuts down furnace

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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.

Anglo Pt gains on cautionary

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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.