Minas Rio costs soar to $4.5bn
The capital cost of Anglo American's Minas Rio iron ore project in Brazil has ballooned out to around $4.5bn mainly because of the impact of permitting delays on the construction schedule.
Centamin Egypt output lower than expected
Gold miner Centamin Egypt has produced a lower than expected 30 236 ounces in the quarter to end June, but says it remains on track to produce 200 000 ounces in 2010.
De Beers mulling bids for mines
De Beers said it had received interest in its Finsch and Namaqualand Mines, both
situated in the Northern Cape.
Solidarity, Exxaro Coal reach wage agreement
Trade union Solidarity says that it has reached a "favourable" wage agreement with coal producer Exxaro Coal.
Aquarius considers temporary closure of Blue Ridge
Aquarius Platinum may close its newly acquired Blue Ridge mine for up to seven months in order to carry out fundamental alterations to the mining infrastructure.
First Uranium recovers some lost ground
First Uranium shares have staged a partial recovery from their recent lows on both the JSE and TSX in response to better news in the June quarter production report.
NUM suspends Implats strike on CCMA request
The National Union of Mineworkers has announced its members have "overwhelmingly" agreed to suspend a strike action at Impala Platinum, the world's second largest
platinum producer.
Gold holdings slide in SPDR Gold Trust
Holdings in the world's largest gold-backed exchange traded fund fell to their lowest levels since early June - a development that could cap gold's rebound, analysts said.
Workers down tools at Northam Platinum mine
The National Union of Mineworkers says that over 5 000 workers have downed tools at Northam Platinum's mine in Rustenburg to mourn the deaths of the two mineworkers last week.
Lonmin’s swap option on Akanani
JP Morgan Cazenove analysts Steve Shepherd and Allan Cooke reckon Lonmin should
swap its Akanani project for Anglo Platinum's stake in Pandora because the deal would
benefit both groups.