Exxaro eyes iron ore investment
Exxaro Resources says it aims to diversify from coal and wants to add iron ore to its portfolio.
African Eagle’s change of play
African Eagle Resources is on the brink of major corporate changes as it drives its Dutwa Nickel project in Tanzania closer to development.
Simmers secures forward gold sale agreement
Simmer & Jack Mines says it has raised $20m by way of a forward gold sale through Deutsche Bank AG.
Gold Fields strike deadlock continues
Gold Fields hopes the strike at its South Deep mine will end soon - but the National Union of Mineworkers has threatened to extend the industrial action.
Gold Fields reports strike violence
THE strike by over 3,000 miners at Gold Fields' South Deep mine appears to be turning ugly, with the company "noting with concern" incidents of intimidation and violence.
Govt may regulate coal exports
Government is seriously considering the regulation of coal exports to protect Eskom from local producers who get higher prices for their coal in India and China.
Glencore mulls $10bn IPO – report
Trading and mining company Glencore International is considering an IPO that may raise about $10bn next year, reports Bloomberg.
Pink diamond sale shows market strength
A rare pink diamond fetching $45.75m has virtually doubled the previous record to become the most expensive stone ever sold at auction.
Soros: conditions ‘pretty perfect’ for gold
Billionaire investor and philanthropist George Soros says gold still has some kick to it, as long as conditions like low interest rates prevail.
IRP2 sinks major power project
An Australian firm has abandoned plans to develop a 1,000MW coal-fired power station for SA, saying the draft Integrated Resource Plan will make the project unsustainable.