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Tenova Mining & Minerals today announced that its South African black empowered operating arm, Tenova Mining & Minerals South Africa, has been awarded a significant materials handling contract by Sasol Mining.

The Wood Buffalo Environmental Association has barely enough to keep running until the end of January.

The two companies will create a mid-tier producer with two Ghanian mines. Expected annual output of 400,000 ounces by 2017.

Analysts say the situation is nothing but a reminder of the thin dividing line between China’s banks and its “shadow” lending industry.

200 jobs will be cut.

Johannesburg-based DRD Gold is introducing new technology to extract more gold from old surface tailings.

The expansion would help increase Canadian crude exports to Asian and US markets.

The economic situation has improved to such an extent that some curbs may be lifted when the government releases a review of the restrictions at the end of the month.