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What’s the bother with SA junior mining?

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Exploration and development companies in South Africa have trodden a familiar path from investor scepticism to bankrupty. Why is this, and can it be changed?

Exxaro raises red flag on covenants, dividends

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Exxaro Resources said lower income from its 19% stake in Kumba Iron Ore would hurt its ability to meet its debt covenants and pay dividends.

Miner health ‘a baby monster’ needing reform

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Legislation that deals with the compensation of ill mineworkers is inadequate and urgently needs reform, South Africa's Parliament has heard.

Eskom tariff hike the ‘tipping point’ for SA mining

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South Africa's Chamber of Mines has called on the country's government to mull a traditional recapitalisation as another tariff hike was a tipping point for the sector.

Legal hitch confounds DMR, CoM court bid

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A joint court application by the Chamber of Mines and the SA government seeking clarity on BEE deals has been ditched as it didn't meet legal muster.

Mwana board ends week of ruction in simpatico

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Mwana Africa's newly constituted board reflected a company at peace with itself following a week in which directors were ousted.

Mpinga falls on sword after Mwana board ouster

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Kalaa Mpinga vacates leadership of the company he founded 12 years ago after shareholders owning 5% of firm successfully win support of Chinese investors.

National champion workable: Nomura

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The creation of a national mining champion was workable, but the question was whether South Africa's empowerment ambitions should exist in one company.

PwC warns payouts from debt “a fine line”

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The market penalised the world's miners last year amid metal price declines, said PwC which added that paying dividends in lean times was walking "a fine line".

Ramatlhodi, NUM up ante on retrenchments

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South African mines minister, Ngoako Ramatlhodi, warns mining firms to follow the rules when restructuring on the same day NUM declares "war on job losses".