Zim poised for billion dollar diamond sale
Zimbabwe's state coffers are poised for a huge cash injection as 4.5 million carats of diamonds, worth up to $1.7bn according to the government, go on sale in the capital Harare.
Eastplats takes a knock
Eastern Platinum has been hit by lower production and sharply higher costs after it dismissed a quarter of its production crews in May because of poor safety compliance.
ICT gets sweet deal from ArcelorMittal
Sources say Imperial Crown Trading will get R200m from ArcelorMittal even if it loses the action against Kumba Iron Ore over the prospecting right it has been awarded to part of the Sishen mine.
Rossing South sixth largest on upgrade
Extract Resources has announced a resource upgrade that moves its Rossing South property among the top six global uranium deposits by contained metal.
Lonmin ‘to account’ for Keysha’s minerals
The South African government has said Lonmin may have to account for minerals sold from land over which empowerment firm, Keysha, now has a prospecting right.
Uranium One lifts output target
Uranium One upgrades its annual production guidance to seven million pounds amid a year-on-year improvement in June quarter financial results.
ArcelorMittal seeks “holistic solution”
ArcelorMittal CEO Nonkululeko Nyembezi-Heita says the acquisition of ICT is part of a strategy to improve the steel group's chances of coming out on top in the fight with Kumba Iron Ore.
Lonmin to get base metal rights
Lonmin was likely to receive approval to sell base metals over areas it successfully received mining licence conversions several years ago, a government official says.
No major Northam earnings fluctuations
Platinum producer Northam Platinum expects its full year earnings per share and headline
earnings per share to be between 170 and 190 cents.
Work stops on CoAL’s Vele mine
Development work on Coal of Africa's Vele coking coal mine in Limpopo Province has been stopped while the company negotiates with the Department of Environmental Affairs