Thursday, March 22, 2018

Mining sector chief executives pay themselves twice as much as other top executives on JSE companies, according to a report by PwC.

South Africa's Competition authorities unconditionally approved a bid for Village Main Reef by Chinese firm, Heaven-Sent Capital Management Group.

Australian listed mining firm, Base Resources, said it would begin exporting minerals from its $305m titanium prospect in Kenya before the end of the year.

Johannesburg rail and shipping company Grindrod has signed a $989m rail agreement with Zambia's Northwest Rail to link mines in the country.

THE mining sector is bracing itself for tough wage negotiations as unions, engaged in a war to win members, are unlikely to back down unless significant concessions are made by companies

Norilsk Nickel is to sell assets in Africa and Australia as they don't measure up to new investment criteria recently agreed by the Russian mining group.

The net present value of Kibo Mining's Mbeya Coal to Power Project had improved to $244m following completion of a pre-feasibility study into the project.

An agreement between unions and the mining sector to preserve mining jobs wherever possible was in danger of unravelling.

The Antwerp Diamond Centre wants to sell 12 million carats of diamonds mined from Zimbabwe this year.

The National Union of Mineworkers is to launch a gold industry strike from the nightshift of September 3, said the Chamber of Mines.