R&E profit leaps to R792.8m
Randgold & Exploration, which recently re-listed on the JSE after a five-year absence, has reported a massive jump in first half earnings by posting a profit of R792.8m compared to R11.1m previously.
Wesizwe Platinum CEO to stand down
Wesizwe Platinum CEO Mike Solomon will call it a day at the end of September when his contract expires despite being cleared by the Wesizwe board of all allegations against him.
ENRC sees strong growth in Q2 output
Kazakh miner ENRC, says demand for stainless steel had recovered from last year's downturn, bringing strong growth in the second-quarter output of its two most important products, ferroalloys and iron ore.
China liberalises gold market
China has given a spur to the gold market by announcing plans to allow more commercial banks in its borders to trade in gold bars.
Merafe bursts back into profit
A one third improvement in ferrochrome prices have helped Merafe Resources back into a first half profit.
Eskom’s World Bank loan under investigation
The World Bank's Inspection Panel has confirmed that it is investigating the awarding of the bank's $3.75bn loan to South African power utility Eskom.
Merafe, Xstrata to build R1bn chrome plant
The Xstrata/Merafe chrome joint venture will invest about R1bn in a new chrome pelletising plant to be built at the group's Rustenburg ferrochrome smelter.
Kinross enters Africa in $7bn deal
Kinross has bid $7bn in paper for Red Back Mining in a proposal that gives the Canadian firm access to gold mines in Ghana and Mauritania.
“Difficult quarter” for Randgold’s Loulo
Randgold Resources has revised downwards its production guidance from its Loulo mine in Mali following a quarter the group described as "difficult".
The Bakgatla tackle Brian Gilbertson
The Bakgatla Tribe has taken legal action against Platmin and Barrick Gold over the Sedibelo transaction apparently in an attempt to improve the terms of the deal.