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DRDGold Q1 output rises as Ergo glitches resolved

By: Natalie Greve     Updated 45 minutes ago Tailings gold miner DRDGold appears to have turned a corner, lifting gold output by 8% to 37 005 oz in the first quarter of the 2015 financial year. This after the gold producer experienced several successive quarters in which it battled inefficiencies, low yields and high costs associated with... 

Petra sells 232 ct diamond for $15m

By: Natasha Odendaal     Updated 1 hour 13 minutes ago The 232.08 ct white diamond recovered at London-listed Petra Diamonds’ Cullinan mine has been sold for $15.2-million to multinational diamond company Diacore. The exceptional D colour Type II high-quality diamond was recovered early in September. 

South African police fire rubber bullets at Diamondcorp strikers

By: Reuters     Updated 2 hours 17 minutes ago South African police used rubber bullets on Friday to disperse strikers from the Association of Mineworkers and Construction Union (AMCU) who were blocking the entrance to a mine operated by London-listed DiamondCorp, a police spokesperson said. Police spokesperson Stephen Thakeng told Reuters... 

South Africa platinum town, wider economy still hurting from strike

By: Reuters     Updated 2 hours 30 minutes ago Mamsi Ngobeni sat alongside the main road of the South African platinum belt town of Marikana, hunched over a table with a pile of onions, apples, loose cigarettes and tomatoes. By just after noon she had sold about R20 ($1.8245) worth of goods, well down from what she said was her usual R1 000... 

South Africa platinum town, wider economy still hurting from strike

DRA awarded first phase of Exxaro’s Belfast coal implementation project

By: Leandi Kolver     Updated 4 hours ago Engineering and project delivery company DRA has been awarded the $4.5-million first phase contract of JSE-listed Exxaro Resources subsidiary Exxaro Coal’s Belfast implementation project, in Mpumalanga. The first phase of the project would include the detailed design and engineering of a 500 t/h... 

Aquarius posts Q1 profit on back of higher production, lower costs

By: Leandi Kolver     Updated 5 hours ago Platinum miner Aquarius Platinum on Friday reported a net profit of $5.21-million for the three months ended September 30 compared with a loss of $10.19-million during the prior corresponding period. This increase was driven by a 3% rise in production, 5% higher dollar prices, lower costs and... 

Aquarius posts Q1 profit on back of higher production, lower costs
Aquarius' Everest mine

Russia kicks off South Africa’s ‘nuclear vendor parade’

By: Terence Creamer     Updated 5 hours ago The Department of Energy (DoE) reported on Thursday night that it had concluded its first “nuclear vendor parade workshop” with a delegation from the Russian Federation and that further meetings were planned with vendor countries such as France, China, South Korea, the US and Japan. The workshop,... 

Russia kicks off South Africa’s ‘nuclear vendor parade’
Rosatom logo

Export earnings to decline in 2014/15, but outlook still positive – BREE

By: Esmarie Swanepoel     Updated 7 hours ago Softer commodity prices would result in a 1.4% decrease to Australia’s mineral and export commodity earnings during 2015, the Bureau of Resources and Energy Economics (BREE) reported on Friday. During 2014/15, mineral and energy commodity export earnings would fall to A$192-billion, compared... 

Export earnings to decline in 2014/15, but outlook still positive – BREE

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