Uranium One needs to find A$1bn
Uranium One has up to two years to raise A$1bn to buy Mantra Resources from its Russian parent ARMZ, and will then invest more than $430m to build a new uranium mine in Tanzania.
Implats, Angloplat in indigenisation talks
Angloplat and Implats are cooperating with Zimbabwe on proposals to sell majority shares in their local operations to locals, says a government minister.
DiamondCorp starts mining at Lace
DiamondCorp is mining a 30,000t bulk ore sample from its Lace mine in the Free State, after the new decline shaft intersected the kimberlite pipe at a depth of 260m.
Gold One again under ASX spotlight
The Australian Stock Exchange has for the third time in as many months queried Gold One International on the company’s share trades and corporate activities.
IPO unlikely, says Namdeb
An initial public offering for Namdeb Diamond Corp is not on the cards, says the group's financial manager.
Exxaro to sell coal properties for cash
Exxaro Resources wants cash for three Mpumalanga coal deposits, which it has decided are too small to be developed by the group.
Lonmin doubles profit, confirms guidance
Lonmin says operating profit more than doubled to $144m in the first half and confirmed sales guidance for 2011, despite an increase in safety stoppages.
BHP wary of fragile economy
BHP Billiton sees the global economy remaining fragile in the near term and economic growth possibly slowing in the medium term, says its chairperson Jacques Nasser.
Health claims may ‘wipe out’ miners
The risk of a litany of silicosis claims against the mining industry is a serious threat which could cripple the sector, say analysts at RBC Capital Markets.
Lonmin bucks downward trend
Lonmin shares have moved against the negative direction among platinum producers, following improved financials and a positive adjustment of its long-term forecast.