Impala lifts div after “worst year”
David Brown, CEO of Impala Platinum, complained his company suffered one of its worst years ever but nonetheless lifted the total dividend in a sign of better times to come.
Impala defends tardy expansion, risks
Impala Platinum said plans to bring shafts online at its lease area could be "cast in concrete" and that risks associated with Zimbabwe could be managed.
Exxaro Sands strike to spread like ‘wild fire’
The strike by more than 600 workers at Exxaro Sands inKwaZulu-Natal, now in its fourth day, will spread "like wildfire", the National Union of Mineworkers says.
‘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.
Harmony halts plans for R6bn shaft
Harmony Gold Mining plans to delay the development of a R6bn shaft at its Evander mine in Mpumalanga.
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.
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.