Kumba reaches Faleme Project settlement
Kumba Iron Ore has announced that it has reached a settlement agreement with the Republic of Senegal and La Society des Mines De Fer Du Senegal Oriental, Senegal's state-owned development company, concerning the Faleme Project.
Marine gem hunter to list on JSE
South African investors may soon be offered another chance to go marine diamond mining as TSX-listed Afri-Can Marine Minerals Corporation looks for a secondary listing on the JSE.
Gold Fields converts South Deep
Gold Fields has been awarded a new order mining right for South Deep but the terms of the related black economic empowerment deals show it has had to pay a high price for this.
Gold Fields BEE package deal
Gold Fields CEO Nick Holland says the three latest BEE transactions approved by government form a "package deal" with the previous Mvelaphanda Resources transaction.
Exxaro earnings seen up to 73% higher
Diversified resources group Exxaro says it expects headline earnings per share for the six months to end June 2010 to be between 650c and 700c, representing an increase of between 60% and 73% when compared to the corresponding period in 2009.
CoAL to defend bid to halt mining at Vele
South African miner Coal of Africa says it will vigorously defend the appeals brought against its Vele mine on environmental concerns and that they had no basis or legal merit.
Rio Tinto reports record underlying H1 earnings
Anglo-Australian mining giant Rio Tinto has posted a 260% jump in first-half net earnings to a record $5.85bn and says China was key to its future.
“I’m used to seeing diamonds in a box”
British supermodel Naomi Campbell, testifying at the war crimes trial of former Liberian President Charles Taylor, said she's used to seeing diamonds in a box, and wouldn't have known they were diamonds if someone hadn't pointed it out.
Randgold maintains production outlook
Randgold Resources CEO Mark Bristow reckons the group's gold production will remain with 5% of his original forecast for 2010 despite the problems at the Loulo mine in Mali.
BSI extends Meyerton factory by further R23m
AltX-listed steel products stockist, processor, trader and exporter BSI Steel has expanded its R110m distribution and processing centre in Meyerton, Gauteng, at a cost of R12m.