Resource rent proposal deters foreign funds
A proposal to install a resource rent tax and make the state owned mining company
more prominent in industry affairs is driving foreign funds from South Africa's
shores.
Govts of China, SA unite in R5.3bn Palamin bid
The governments of China and South Africa have formed a consortium to bid a hefty premium for the 74% stake in Palabora owned by Anglo and Rio Tinto.
Lonmin maintains production forecast
Lonmin is sticking to its revised annual production guidance of 720,000oz of platinum, despite a string of operational problems that hit the June quarter output.
SA mining to shut for 3 weeks after Ramaphosa unveils lockdown...
SOUTH Africa's mining sector will go into a three week hibernation from March 26 in terms of President Cyril Ramaphosa's dramatic lock-down announcement this...
Lonmin stays axe, seeks to grow out of crisis
Lonmin aimed to sell more platinum in 2015 than in its previous two financial years as its 'restructuring' consisting of harvesting old mines and improving newer ones.
Draft tax amendments disturb narrative SA Govt. will lend kindly ear...
SOUTH AFRICAN mining has recently suggested there’s grounds for hope Government will respond positively to reform proposals placed before it by Business Leadership SA's...
GEM lowers diamond output and sales for 2022 following continued interruptions...
GEM Diamonds, the UK-listed miner, lowered full year diamond production and sales from its Letšeng mine in Lesotho following interruptions in October.
Production was now...
Amsa leaves steel prices unchanged
ArcelorMittal SA says it will leave prices for its products flat this month, but raise some of them in June.
Sibanye Bold*
NEAL Froneman has never been known for reticence. At a time when the mining industry was debt-shy, Sibanye Gold moved in the opposite direction...
Kumba’s Zim to start new steel firm
Lazarus Zim, the former chair of Kumba Iron Ore, says he has resigned from the board of the Anglo American subsidiary to start a new steel firm and avoid the potential of a conflict of interest.