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Mines agree to govt plan on acid drainage

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Government's proposed public-private partnership for environmental conservation has in principle been accepted by the mining sector to address acid mine drainage.

RBPlat listing on hold amid mine offer

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The proposed listing of Royal Bafokeng Platinum has been placed on hold while its shareholders dwell on an unsolicited offer to buy Royal Bafokeng Rasimone Mine, RBPlat's key asset.

Second Harmony miner found dead

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The search for the remaining missing miner at the Bambanani Mine in the Free State has ended with the recovery of his remains.

Gold gurus at odds on price fortunes

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Gold is expected to surge higher than $1,400/oz, but the experts are at loggerheds about how long the commodity will stay at the top.

Gold miners return to net hedging

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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’

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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.

AngloGold expects Obuasi output lift

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AngloGold Ashanti expected its Obuasi mine in Ghana to produce about 400,000 ounces a year from 2012, a 14% uplift.

Aus firm makes Moz discovery

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An Australian mining company says it has discovered deposits in Mozambique of rare minerals with a variety of industrial uses.

Petra secures $78m in new loans

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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

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Stockpiles would help Kumba Iron Ore through next week's strike planned by the National Union of Mineworkers, the company said.