Gold at highest in 11 weeks as investors wait for US jobs data

Friday , 03 Feb 2012
Spot gold hit a high of $1,762.90 in early trade but failed to maintain traction ahead of key U.S. payrolls data later in the day.

Gold, silver stronger as tide continues to favour precious metals

Friday , 03 Feb 2012
Silver is showing a higher testosterone level than gold at the moment, refusing to pull back with gold but, leading the on the rise.

Kazakhstan's 2011 uranium output up 9%

Friday , 03 Feb 2012
Kazakhstan maintained its position as the world's largest producer of uranium in 2011 as it ramped up output by about 9% to 19,450 tonnes.

Zijin Mining forecast 2011 profit rose 20%

Friday , 03 Feb 2012
In a filing to the Hong Kong bourse, the miner reported Friday an estimated 5.8 billion yuan profit for 2011, up 20% from 2010.

CME Group launches clearing service for London gold forwards

Friday , 03 Feb 2012
The company's European clearing house has launched clearing services for the first physically settled product for over the counter London gold forwards.

Anglo American CEO recovering after horse-riding accident

Thursday , 02 Feb 2012
She has been advised by her doctor not to travel internationally for about two months.

Amplats to invest R2.6bn in Bokoni Platinum Mine

Thursday , 02 Feb 2012
This capital development programme means the mine can now target 245,000 ounces by 2016, an increase of 100,000 ounces.

Metalloinvest predicts 20-30% fall in 2012 sales

Thursday , 02 Feb 2012
The Russian miner has forecast a 20 to 30% fall in sales this year due to depressed iron ore prices, adding that it has no immediate plans to revisit IPO ambitions.

Implats dismisses 13,000 Rustenburg miners

Thursday , 02 Feb 2012
The company said on Thursday it had dismissed 13,000 employees at its Rustenburg operations after they were given until Wednesday to return to work or face dismissal.

Gold likely to consolidate in US trade

Thursday , 02 Feb 2012
The trading range of gold and silver is narrowing bringing buyers and sellers to a balanced position as traders wait for a big piece of news.

Pan African approves Barberton gold tailings project

Thursday , 02 Feb 2012
The R320 million phase one project is meant to increase the production profile at Barberton from 95,000/oz to 120,000/oz per annum over six years.

Rusal sees aluminium prices at $2,500 by end Q2

Thursday , 02 Feb 2012
Senior executive, Oleg Mukhamedshin, sees aluminium prices rising up to 10% from current values to between $2,400-$2,500 per tonne by the end of the second quarter, as output cuts take effect.

BHP Billiton earmarks $779m to expand Australia iron ore port

Thursday , 02 Feb 2012
The expansion will enable BHP Billiton to boost annual iron ore shipments from Port Hedland in northwest Australia by 100 million tonnes, the company said.

NALCO ups aluminium prices by 2,000 rupees/T

Thursday , 02 Feb 2012
The Indian firm has raised aluminium prices by 2,000 rupees per tonne across all products, the company's commercial director said Thursday.

Australia's iron lady on road to be world's wealthiest woman - Forbes

Thursday , 02 Feb 2012
According to Forbes magazine, Gina Rinehart, who signed a deal last month that will see POSCO take a 15% stake in her Roy Hill iron ore mine, could soon become the world's wealthiest woman.

18,000 Implats miners stay away at Rustenburg

Wednesday , 01 Feb 2012
Impala Platinum said on Wednesday some 18,000 miners were now staying away from its Rustenburg operations as they have downed tools in sympathy with those fired for an illegal strike.

Golden Star to restart Ghana gold plant; sees higher output

Wednesday , 01 Feb 2012
The oxide plant at its Bogoso/Prestea gold mine, which stopped operating in 2008 due to lack of oxide ore, is expected to generate up to 70,000 gold ounces this year.

Outokumpu loss highlights need for merger

Wednesday , 01 Feb 2012
The company posted an operating loss of 71 million euros for the last three months of 2011, highlighting the need for what the company says is a tie-up that will boost production of higher margin products.