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De Beers to cut Finch staff by 40 pct

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De Beers is to retrench 350 of the 870 workers at its Finch diamond mine in South Africa.

Hong Kong firm takes 7.1% stake in Kalahari

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Kalahari Minerals, says that APAC Resources, a major Hong Kong listed company focussed on natural resource investment opportunities and base metals trading, has agreed to acquire up to a 7.1% interest of its issued share capital.

Petra divests of Kono in Sierra Leone

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Diamond mining junior Petra Diamonds, has announced that it is divesting of the Kono Diamond Project in Sierra Leone.

ARM dumps Namibian gold project

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Diversified SA miner African Rainbow Minerals plans to divest from a gold project in Namibia by June and finalise development of a copper project in Zambia this year, it says.

Kumba blasts ArcelorMittal again

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Kumba Iron Ore says it will review iron ore supplies to ArcelorMittal unless the steelmaker agrees to an interim pricing arrangement "in the near future".

Union declares De Beers dispute

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South Africa's biggest union says it has declared a wage dispute with the world's top diamond producer De Beers, and has asked an arbitration authority to mediate.

Zimplats profit up despite output falling

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Zimplats' metal output falls, but profits rise on firmer metal prices.

NUM declares wage dispute with De Beers

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The National Union of Mineworkers (NUM) has declared a wage dispute with diamond giant De Beers.

Failed gem firm pays a pittance

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Wealth 4 U, which like most speculative mining ventures offered so much and delivered so little, will pay less than one cent for every rand hapless investors ploughed into the venture.

BHP Billiton pulls rug under metal firms

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BHP Billiton, the world's largest mining group, has withdrawn from an electricity saving aluminium beneficiation plan because it allegedly earns more from exporting the metal directly.