Gold miners return to net hedging
A new report shows gold miners have turned to net hedging for the first time since 2005, but it was mostly due to project financing and there was little appetite for "strategic" hedging.
NUM urges Northam to make ‘good offer’
The NUM called on Northam Platinum to return to the negotiating table with a good offer in order to resolve the four week standoff at the platinum producer's Zondereinde mine.
Aus firm makes Moz discovery
An Australian mining company says it has discovered deposits in Mozambique of rare minerals with a variety of industrial uses.
AngloGold expects Obuasi output lift
AngloGold Ashanti expected its Obuasi mine in Ghana to produce about 400,000 ounces a year from 2012, a 14% uplift.
Petra secures $78m in new loans
Petra Diamonds will use new debt facilities to finance expansion of the Williamson mine in Tanzania and the Cullinan mine in SA.
Stockpiles will help us through: Kumba
Stockpiles would help Kumba Iron Ore through next week's strike planned by the National Union of Mineworkers, the company said.
SA ferrochrome output to double
South Africa's production of ferrochrome, a steel-making ingredient, is forecast to more than double by 2015.
Metmar to benefit from investment sale
Metmar, the commodity trader, said first half earnings would be up to 27% higher after selling an investment.
Gold hits new record high
The gold price shot through a fresh all-time high after the release of grim US economic data.
Gold party set to continue
Participants at the London Bullion Market Association annual conference voted that gold would reach at price of $1,406/oz in the coming 12 months.