Friday, January 19, 2018

A document criticising the amended mining charter is calling for Mineral Resources Minister Susan Shabangu to relinquish her position of leading transformation in the sector.

Phemelo Sehunelo, the advocate whose ICT turned Jacob Zuma's son into a multimillionaire, is at the centre of another two controversial mining deals, reports City Press.

It's looking good for commodities according to JP Morgan as investment demand, economic stimulus packages and renewed inflation are expected to drive up prices across the board next year.

South Africa Metals Equity plans a new plant which may produce about 500 000 tonnes per annum of pig iron.

Platinum was tipped by two leading investment bank analysts to be among the strongest performing commodities in the coming months, while warning of the potential for a significant setback for gold.

Mining giant Rio Tinto has denied making any "final decisions" on its controversial iron ore merger with BHP Billiton, as the massive deal appears on the brink of collapse.

Kumba has ended a strike over wages by agreeing to a multi-year deal which will increase salaries by between 7.5% to 10%.

The National Union of Mineworkers has reported a fatality at Harmony Gold Mining's Tshepong Mine in the Free State.

The PIC is the third institutional shareholder to express reservations about ArcelorMittal SA's R9bn BEE deal with the Ayigobi Consortium, which includes Imperial Crown Trading.

Kumba Iron Ore has revised its offer for a pay raise as it sought to end a strike by thousands of its workers, a National Union of Mineworkers official says.