Rockwell “optimistic” on 2013 price growth
Rockwell Diamonds CEO, James Campbell, said an inventory of diamonds would allow the company to capitalise on any improvement in the world diamond market.
Sundance Hanlong bid boosted by permit
The A$1.14bn bid for Australian firm Sundance Resources was given a timely boost after authorities in the Republic of Congo granted a mining permit.
ANC raises prospect of youth subsidy in 2013
Despite Cosatu opposition, a youth subsidy in which employers are offered tax breaks to provide first jobs is likely to break surface in 2013, the ANC has said.
Miners relieved nationalisation is dead
The Chamber of Mines said a key uncertainty for investors had been removed when the ANC consigned nationalisation of mines to the rubbish heap.
Harmony troubled as Amcu foments dispute
Representatives of the Associated Mineworkers & Construction Union lead a 1,700-strong sit-in at Harmony Gold's Kusasalethu mine disputing staff dismissals.
Godongwana dismisses “scarecrow” tax critics
The ANC's Enoch Godongwana said critics of resource rents were scaremongers, and that South African mining should expect more taxes.
Nationalisation expunged from ANC lexicon
Nationalisation is off the table, said public enterprises minister Malusi Gigaba said, but strategic ownership was, on the balance of evidence, likely to be a reality.
Ramaphosa election voted good for business
The rand firmed against the dollar yesterday in a signal that investors viewed the appointment of Cyril Ramaphosa as deputy president of the ANC positively.
Lonmin pumps rights issue into $700m debt
LONMIN has used the bulk of its $817m rights issue raised earlier this month to repay its $700m bank debt.
Ramaphosa review may quicken Shanduka listing
Shanduka was reviewing its portfolio ahead of a listing even before its founder and ANC deputy president, Cyril Ramaphosa, launched a review of his business interests.