Nationalisation study gets underway
The ruling ANC will appoint two independent researchers to investigate the nationalisation of mines, says secretary general Gwede Mantashe.
Sibanye-Stillwater to retrench 575 from SA gold operations
SIBANYE-Stillwater is to retrench 575 employees, mainly from its Kloof 4 shaft, in an effort to stem losses at its South African gold mining...
Zambia’s debt cover fears may be behind gemstones tax hike
GRIZZLY by name, grisly by nature. Senegalese-owned family business Grizzly Mining flooded the Zambian emerald market to such an extent last year that it...
Froneman plans to continue fight against crime syndicates
NEAL Froneman, the outgoing CEO of Sibanye-Stillwater, said he planned to continue serving on the Joint Initiative on Crime and Corruption — a partnership...
RBM to remain closed as “fundamental milestones” were yet to be...
RICHARDS Bay Minerals (RBM) would not reopen on Monday as previously reported because the safety of employees had not yet been guaranteed.
In the statement,...
Aurous “advances discussions” for $50m ahead of gold merger
AUROUS Gold said it had raised $7.5m as part of its proposed merger with New York listed blank cheque company Rigel Resources Acquisition Corp.
"Aurous...
Higher Transnet deliveries boost coal exports
South Africa's coal exports rose to 5.36 million tonnes in September from 4.16 million tonnes in the same month last year, boosted by higher deliveries by logistics group Transnet.
Firestone Diamonds power cost increase comes at awkward time for Lesotho...
FIRESTONE Diamonds had secured alternative power sources to keep its operations in Lesotho running until grid supply from the Muela Hydropower Station was returned,...
De Beers coy on 2012’s prospects
De Beers CEO Philippe Mellier is cautious over the diamond market’s near-term
prospects, saying the group will prioritise maintenance backlogs and waste stripping
this year.
Land issue and corruption: South Africa’s “original” and current sins have...
SOUTH Africa's explosive land issue and its commitment to rooting out corruption were key concerns for investors who remained wary of a mining sector...