Friday, May 25, 2018

Anglo American CEO Cynthia Carroll has derided nationalisation as an economic policy that - drawing on the group's prior experiences in Zambia - "simply does not work".

South Africa will not be making "inappropriate short-term" responses to weaken the rand as this will hamper longer-term economic growth, says finance minister Pravin Gordhan.

Alleged corporate hijacker Sandile Majali, who was at the centre of the Oilgate scandal, is expected to appear in a Johannesburg court.

New legislation will remove the final reference to privately held ownership of minerals, in effect nationalising mineral rights, critics say.

Slain mining magnate Brett Kebble's murder trial is set to continue, more than five years after he was shot dead.

BlackRock Inc, the world's largest money manager, is overweight copper and also favours iron ore, says the firm's resources-division chief.

Gold has recorded its first weekly decline in nearly three months, with investors keeping an eye on any statements from the G20 meeting.

A government-appointed team of experts has completed a report on acid mine drainage, but the document will not be made public yet, officials say.

Three mine workers have died in separate accidents in the past two days, says the National Union of Mineworkers.

Police members are involved in organised crime syndicates which orchestrate illegal mining, says national police commissioner General Bheki Cele.