Draft charter is “economic suicide” for SA
MINING minister, Mosebenzi Zwane, has caused significant damage to South Africa’s economy with the release of a new draft Mining Charter, said a senior...
Shock new charter may outflank industry bid for legal clarity
LAWYERS have expressed concern over a new draft version of the Mining Charter that was published this afternoon and deduced that the unexpected move...
What De Beers thinks of selling granny’s diamonds
FOR decades De Beers sold diamonds on the basis of their eternal and unique appeal. Both these characteristics, however, are being unseated by a...
Tegeta seals R2.15bn Optimum deal
THE controversial acquisition of Optimum Coal by a unit of the Gupta family’s Oakbay Investments has gone ahead.
The R2.15bn deal was executed through Oakbay’s...
Improved cash flow brings Harmony’s Papua New Guinea dream closer
Harmony Gold Mining Company has freed up cash and at least partially allayed some investors’ concerns that it will not be able to fund...
New “significant” copper-gold drill results for Harmony Gold
Harmony Gold Mining Company has announced "new significant copper-gold drill results" at its Kili Teke prospect in Hela, Papua New Guinea.
The results are more...
De Beers rough diamond sales total $660m in third cycle
DE BEERS' rough diamond sales totalled $660m in the third cycle of 2016 reflecting a "reasonably positive trend", said Philippe Mellier, CEO of the...
KEFI seeks approval for Tulu Kapi $120m finance plan
UK-listed KEFI Minerals said it would submit a $120m finance plan for its proposed 115,000 ounce a year Tulu Kapi Gold Project in Ethiopia...
SA Govt suspends licence for CoAL Makhado venture
COAL of Africa's (CoAL's) plans to start development of its Makhado coking and thermal coal project received a setback today when the South African...
Anglo asset sales readying group for a takeover, says analyst
THE much-vaunted restructuring of Anglo American was preparation for the company’s takeover, said Paul Gait, an analyst for Bernstein.
"No longer does this feel simply...