Great Basin narrows June quarter loss
Great Basin Gold reported a narrowing in year-on-year losses for the June quarter and said its flagship South African mine, Burnstone, would reach commercial production in September.
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.
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.
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.
ArcelorMittal buys Imperial Crown Trading
ArcelorMittal has agreed to buy Imperial Crown Trading for R800m in what could be viewed as a desperate attempt to recover the mining rights it lost in Kumba's Sishen iron ore mine.
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.
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.
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.
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
Simmers settles R100m of RMB loan
Gold producer Simmer & Jack Mines has advised that it has settled R100m owing to
Rand Merchant Bank as part of the R220m bridge loan.