Anglo to sell 9.7% in Exxaro, will drive funds into debt...
ANGLO American is to sell its entire 9.7% direct stake in Exxaro Resources by means of an accelerated book-build to institutional investors, the UK-listed...
Beleaguered Hwange abandons rights issue as debts pile up
HWANGE Colliery Company (HCC's) funding woes continued after it announced it had suspended long-standing discussions about issuing shares for cash.
It said in an announcement...
Defiant Baxter warns Govt miners will not take charter “lying down”
SOUTH Africa's mining industry faces additional levies and taxes of between an estimated R2bn to R3bn a year whilst R2bn already contributed by it...
Exxaro BEE to fall to 30% after unwind, and R3.04bn repurchase
EXXARO Resources has unveiled a new black economic empowerment (BEE) scheme in which its existing 50.19% BEE structure is to be unwound and replaced...
Demerger would circumvent Anglo’s SA coal sale complexities
SHARES in Anglo American have charged up an astonishing 250% since January assisted by the surprising recovery in metal prices and improved volumes in...
CoM concerned about governance of new tax collection body
THE Chamber of Mines has laid into a Department of Mineral Resources (DMR) proposal in the newly redrafted mining charter that seeks to impose...
Van Rooyen acting for Zwane is normal says DMR
SOUTH Africa's Department of Mineral Resources (DMR) confirmed Des van Rooyen had been nominated acting mines minister whilst incumbent Mosebenzi Zwane attended to business...
Mining charter to toll 1% revenue ‘tax’ for communities
ONE new aspect of the mining charter, due to be published in Parliament next month, is a 1% levy on revenue over two years...
SA mining charter talks “flawed” and “limited”: Chamber of Mines
DISCUSSIONS regarding a fresh version of South Africa's mining charter were "flawed" and failed to absorb industry concerns, said Roger Baxter, CEO of the...
Download the Labour Court judgement regarding AngloGold
SOUTH Africa's Labour Court handed down an important decision last month when it granted AngloGold Ashanti an interdict of a Section 54 work stoppage...