Tawana completes A$660 000 placement
Australian and JSE listed diamond exploration company Tawana Resources has completed the placement of 66 million shares at 1 cent per share to raise A$660 000.
DMR backs down on Aquarius
The Department of Mineral Resources has backed away from its draconian safety directive to Aquarius Platinum which will continue standard mechanised mining operations while striving for better safety.
Rough diamond prices could weaken
Rough diamond prices could pull back 5% to 10% in the short-term but the medium-to-long term outlook remains good because of the forecast shortage in supply.
Petra hails ‘step change’ in fortunes
Petra Diamonds declared that for the year ended June it enjoyed "a highly progressive year" helped by a moderate increase in production and much higher prices for gems.
SA govt says Kumba, Amsa will settle
Kumba Iron Ore and ArcelorMittal SA "committed themselves" to finding a settlement, says a spokesman for South Africa's trade and industry department.
Investment flows to prop up gold – GFMS
Take away investment flows and the gold price would topple off its current highs, market research firm, GFMS has said.
Aquarius Platinum shares plunge
Shares in Aquarius Platinum dropped sharply in early trading on the JSE on Monday morning in response to the stringent safety directive slapped on the company by the Department of Mineral Resources.
Gem hopeful Letseng meets output target
Amid rising diamond prices, London-listed GEM Diamonds said it hoped to meet full year production targets at its flagship Letseng mine in Lesotho.
Amsa warns of beneficiation review
ArcelorMittal SA has warned that the government's mineral enrichment plans will need a complete review if the steelmaker can no longer receive lower than market prices for iron ore.
Uranium output on the up
Namibia's total uranium output rose 4% in the second quarter of 2010 compared with the first three months of the year, data showed.