Strike, stoppages cane Northam earnings
Northam Platinum says safety related stoppages and a prolonged strike at the beginning of its financial year will hit the group's interim earnings by between 58% and 74%.
Indian consortium mulls Riversdale bid
An Indian consortium of state-run companies is considering a bid for a stake in Riversdale Mining as the country steps up its search for African coal assets.
Indian steel firm seeks SA base – report
India’s second-largest producer of steel is considering building a plant in SA if government agrees to grant iron ore and coking coal mining permits, reports Bloomberg.
Newcrest halts Ivory Coast, Indonesia mines
Newcrest Mining has put work at its Bonikro gold mine in Ivory Coast on ice and moved mine management to Ghana amid election tensions in the region.
Australian miners score tax concession
Australia's biggest mining groups may have won a long-running battle against Prime Minister Julia Gillard after a tax panel recommended the government pick up future state royalty payments under its tax reform package.
Major coal deal imminent in Mozambique
Riversdale Mining has requested a suspension in trading of its shares on the Australian Stock Exchange, as a takeover bid for the company is seemingly under way.
A rare return for Rareco
Shareholders in Rareco, a junior mining company written off by the market after being suspended on the JSE in 2002, have received an unexpected Christmas gift.
Kumba’s Zim to start new steel firm
Lazarus Zim, the former chair of Kumba Iron Ore, says he has resigned from the board of the Anglo American subsidiary to start a new steel firm and avoid the potential of a conflict of interest.
Simmers CEO resigns
Simmer & Jack CEO Nico Schoeman has resigned and will be replaced by company CFO Marius Saaiman.
Tata Steel ‘to sell SA assets’
Tata Steel is in talks to sell its South African assets to raise more than $150m, reports the Economic Times.