Phiri describes ANC Charter ‘help’ for Zwane as “encouraging”
OUTSPOKEN CEO of Royal Bafokeng Platinum (RBPlat), Steve Phiri, today welcomed comments by the African National Congress (ANC) that the mining sector ought not...
Chamber, NUM round on Zwane fearing 200,000 jobs at risk
UP to 100,000 direct jobs were at risk in South Africa's mining sector owing to a deterioration in regulatory and operating conditions, including decreased...
Cutifani calls on SA to dump Charter, restart talks in 2018
THE Mining Charter redraft published by South Africa's Department of Mineral Resources (DMR) on June 15 had to be disregarded and replaced starting with...
Glencore revises 2017 output lower, but share tipped to re-rate
GLENCORE guided to slightly lower production across most of its commodities for the 2017 financial year, but analysts continued to back the company with...
Anglo reinstalls dividend with 48 US c payout after halving net...
ANGLO American cemented its recovery after a sometimes excruciating two-year restructuring exercise by resuming the dividend and installing a policy of paying out 40%...
Zwane declares DMR “reasonable” after approving Lonmin deal
SOUTH African mines minister, Mosebenzi Zwane, sought to cast his Department of Mineral Resources (DMR) in positive light after months of bad press, describing...
Chamber lodges second interdict after Zwane refuses to blink
THE South African government's latest mining regulatory shock is to make a wholly unsurprising appearance in court after the Chamber of Mines filed an urgent application...
CoM may seek second interdict as war breaks out with Zwane
SOUTH Africa's Chamber of Mines was contemplating the launch of a second interdict against the government in as many months following a notice in...
Zwane licence freeze a “last gasp bid” to coerce mining sector
A NOTICE in the Government Gazette dated July 18, described by BusinessLive today as applying a freeze on new investment in South Africa, was...
Kumba to drive Anglo dividend, but Charter gloom gathers
NET cash in Anglo American was forecast to have topped $2.5bn on June 30 which has lifted hopes the UK-listed group would re-instate the...