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Power hikes hit DRDGOLD

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Eskom's winter power surcharge and wage increases have cut into the fortunes of gold producer DRDGOLD, which reported a 24% quarterly decrease in operating profit.

Govt yet to decide if CoAL can restart Vele

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CoAL of Africa says no decision has yet been made by the South African government concerning the restarting of its flagship Vele Colliery in the Limpopo Province.

AngloPlat output jumps, warns on rand

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Anglo Platinum posted an 11% rise in third-quarter production, but said the stronger rand may hurt its earnings.

Fight heats up over KZN mine deal

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IFP general secretary Musa Zondi has dismissed reports that "BEE fat cats" will benefit from a R4.5bn mining deal at the expense of local communities in KwaZulu-Natal.

Xstrata to exploit ferrochrome deficit

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Xstrata is set to gain further from the global ferrochrome shortage, which is expected to worsen as producers struggle to meet demand from emerging economies.

Xstrata to fork out R4.9bn on smelter

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UK-based Xstrata has dusted off plans to expand its Lion ferrochrome operation, saying it is confident electricity supply will be guaranteed.

First Uranium shares mark time

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First Uranium shares are stuck near their 12-month low following unexciting results for the September quarter during which the ramp up at the Ezulwini mine was delayed.

Nationalisation of SA mines already underway

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Mining law expert Hulme Scholes believes SA mining companies are not focused on the very real danger of their operations being nationalised.

Old Mutual linked to Zim probe

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A SA company, with ties to Old Mutual, has been asked to disclose details on a subsidiary's operations in Zimbabwe's Marange diamond fields.

BHP ups output of 11 commodities

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BHP Billiton says it is running most of its assets at full capacity as suppliers struggle to keep pace with the global appetite of raw materials.