Freeport Q4 earnings drop 57%, copper supply 'tight', says CEO

Freeport-McMoRan Copper & Gold said on Thursday it made a $640-million profit in the fourth quarter of 2011, a 57% drop from the same period last year as strikes and lower copper prices hit earnings. While industrial action at its Peru and...

27/05/2011 (On-The-Air)

Police plan to microdot household items in two million South African homes in the next year; International interest is being shown in a new South African rail-fault technology and Namibia plans to convert their destructive encroacher bush into...

Gold stocks rise as price hits record

Most North American gold-mining equities rose on Friday, after the bullion price set a new record and its feisty little sister silver topped $40/oz for the first time in 31 years. The S&P/TSX Global Gold Index rose 1,68%, to 415,56 by 16:24 in...

Afghanistan has good response on tender for iron-ore deposit

The Afghanistan government would likely finalise an agreement with a preferred bidder or bidders for the massive Hajigak iron-ore deposit in the country by early 2012, a US adviser to the Ministry of Mines said on Wednesday. There had been a good...

Sasol-Chesapeake-Statoil apply to explore for shale gas in Karoo

South Africa’s Sasol is taking steps to join the global search for shale gas. Shale has for long been considered a rock too difficult to drill, but the breakthrough of horizontal drilling and hydraulic fracturing has opened up shale along with...

CF Industries extends Terra offer to Aug 31

US fertiliser group CF Industries has extended the expiration date of its offer for smaller rival Terra Industries to August 31. The offer was to have expired on Friday, August 21.

Agrium extends deadline again on CF offer

Canadian fertiliser group Agrium will give shareholders in CF Industries more time to accept its offer for the company, the firm said on Monday morning. Agrium has extended the expiration date on its offer, of $40 in cash plus one Agrium share...

Blue diamond fetching record $9m removes some diamond-industry ‘blues’

Some of the “blues” have been taken out of the stricken diamond industry as a result of up-and-coming London Aim-listed Petra Diamonds managing to sell a stunning blue diamond from the Cullinan mine outside Pretoria for a record $9,4-million,...

HudBay reports fatality at US mine

A miner was killed on Saturday as a result of a rockfall at Canadian miner HudBay Minerals' St Lawrence zinc mine, in Balmat, New York, the company said in a statement.

Diamond Hill development, South Africa

The Diamond Hill development will be a purpose-designed facility incorporating all aspects critical to the operation of the diamond industry.

Harmony is or may be named as defendant in US lawsuit

South African gold-miner Harmony Gold has been or may be named as a defendant in a lawsuit filed in the US district court in the southern district of New York, the firm said on Friday.

None of ten suffering from manganism, says Assmang

Assmang, one of the country's two largest manganese producers, is disputing that any of its employees is suffering from manganism, a condition resembling Parkinson's disease.