Gold demand surges, ETFs rate high
Gold backed exchange traded funds helped power gold demand to a more than one third increase in the second quarter, the World Gold Council reported.
Eskom’s R35bn Kusile plan intact
Despite reports to the contrary, Eskom was still proceeding with plans to build another power station, the proposed R45bn Kusile venture.
Zim seeks new bids for fallen steel gaint Zisco
Zimbabwe is inviting fresh bids for the takeover of state steel-maker Zisco, after rejecting earlier offers from ArcelorMittal, Jindal Steel and Power of India.
‘Diamond industry must avoid conflict diamonds’
The diamond industry, under scrutiny after supermodel Naomi Campbell's war crimes testimony and a crisis in Zimbabwe, must take decisive measures to avoid a potential return of conflict diamonds, campaigners say.
Trans Hex’s carat production below target
Diamond mining company Trans Hex says its South African carat production has been below target for the year to date, primarily as a result of grade under-performance at Baken Mine.
BHP earnings set to jump 50pct
BHP Billiton looks to strengthen its hand this week in its $39bn bid for Canadian fertiliser group Potash Corp as second half earnings are expected to rise 50%.
Simmers Q1 production falls 27pct
Shares in Simmers & Jack Mines fell more than 3 percent as the South African gold miner posted a 27 percent decline in first-quarter gold production.
Exxaro Hillendale mine grinds to halt
Amid demands for a 14% wage increase, Exxaro Resources has been forced to stop operations its Hillendale mineral sands facility. Contingency plans are in place, however.
ARM expects headline earnings to fall
African Rainbow Minerals expects earnings per share for the 12 months ended June 30 to fall to 785 and 825 cents per share from 1.094 cent per share .
NUM and Implats settle wage dispute
The National Union of Mineworkers has signed a wage deal with Impala Platinum over the weekend.