First Point serves arbitration notice on Cliffs

TSX-V-listed First Point Minerals over the weekend announced it had served a notice of arbitration on Cliffs Natural Resources Exploration Canada over Cliffs' alleged refusal to provide information about the Decar nickel/iron alloy project in...

La Mancha’s Sudan mine ‘unaffected’ by turmoil, auction proceeding

Gold miner La Mancha on Tuesday said fighting between Sudan, where its flagship Hassai mining complex is located, and South Sudan has had no effect on the company’s mining activities. The Hassai gold operation had not lost a day of production...

Company Announcement: AngloGold Ashanti Profit Surges to Record $1.3bn; Doubles Dividend

(ANGLOGOLD ASHANTI) – AngloGold Ashanti posted record full-year adjusted headline earnings* of $1.3m and boosted its dividend to further improve cash returns to shareholders.

Areva uranium deal eyed amid fraud allegations

Controversy over Areva's $2.5 billion purchase of uranium miner UraMin grew on Friday after a consultant said the French state-owned company may have been the victim of a fraud. The nuclear energy group has launched an internal enquiry into the...

Cigar Lake uranium mine, Canada

Cameco has constructed a second shaft to reach the main mine workings at the Cigar Lake uranium mine project.

La Mancha eyes majority ownership of Sudanese gold mine

Areva unit La Mancha is hoping to secure at least a 51% stake in its 40%-held Hassai gold mine in Sudan through negotiations underway with the government, which owns the rest, the company said on Wednesday. The company is in talks with Sudan...

Investigator raises A$8.3m

ASX-listed metals explorer Investigator Resources was looking to raise some A$8.3-million through a three-for-seven rights issue, to fund its exploration programmes at various projects. The explorer said on Friday that it would issue up to...

03/06/2011 (On-The-Air)

R38-million is being spent a month on the world’s largest shaft-sinking contract in Rustenburg; South Africa’s iconic diamond company De Beers has opened its first store in China and Top South African companies are braving the frozen Arctic...

Brazilian mining group’s giant ore carrier soon to enter service

The world’s biggest ever bulk ore carrier – more precisely designated a Very Large Ore Carrier (VLOC) – the Vale Brasil, will soon be carrying iron ore from Brazil to Asia along the Cape route around South Africa. Built by Daewoo...

A melting pot of nationalities

Before the discovery of diamonds in 1869 there was little to attract foreign adventurers, prospectors and capitalists to the shores of South Africa, the predominant activity of economic enterprise being sheep farming.

Four decades of 
technical expertise

Local specialist in rough terrain handling and lifting equipment, Manitou South Africa, a subsidiary of Manitou BF in France, will be showcasing the quality, versatility and economy of its machines at Electra Mining Africa 2010. A major crowd...

First Quantum mulls second arbitration case after DRC mine suspended

Base-metals miner First Quantum Minerals may go to international arbitration to protect its rights to the Frontier mine, in the Democratic Republic of Congo, after it suspended operations last week. CEO Philip Pascall said on a conference call...