Diamond body urges members to boycott Venezuela gems

Do not buy diamonds from Venezuela or face expulsion, the World Federation of Diamond Bourses (WFDB) warned its members on Wednesday. This came after the South American country earlier this month suspended itself from the Kimberley Process (KP),...

Kermas SA to reallocate shares in Samancor BEE deal following dispute

Following a dispute, ferrochrome producer Kermas South Africa has cancelled the 28% transfer of shares in its black economic-empowerment (BEE) deal, but plans to reallocate the same stake to meet its original broad-based objectives. Chairperson,...

Lonmin kicks off hostel conversion process

The world's third-biggest platinum-miner Lonmin, in an advertisement in Business Times on the weekend, called on companies to bid for the conversion of its Wonderkop, Eastern Plats and Karee hostels into bachelor, one- and two-bedroom flats.

New Anglo CEO-designate 'high on coal' and keen to exploit energy opportunities - report

The newly-appointed CEO designate of resources group Anglo American, Cynthia Carroll, was “high on coal” and keen to continue the internationalisation of the company, she has told Johannesburg's Business Times. Alcan executive Carrol...

Ezulwini deal with Simmers still unconcluded, says Harmony's Kotze

Junior miner Simmer and Jack Mines' plans to mine the old Randfontein Four Shaft still hangs in the balance, as Harmony Gold says that it has not yet reached agreement on the price of the asset with Simmers. But Simmers director John Berry says...

Kumba coy on BEE timeframe

While Kumba Resources GM of corporate affairs and investor relations Trevor Arran yesterday confirmed market speculation that the company would soon be making an announcement as to its intended black economic-empowerment structuring, he also...