One day life was dandy, then Tanzania changed the law
IT’S astonishing how quickly business conditions unravelled for Acacia Mining, a UK-listed gold company operating in Tanzania and in which Barrick Gold, the Canadian...
Divestment from SA mining not entirely about political risk
AS expected, the publication of Mining Charter 3 last month provoked a wave of negative sentiment about South Africa's mining prospects.
The expectation is that,...
Which firms hurt most in unplayable, unpassable Mining Charter?
SOUTH African mining shares were roundly penalised on June 15 following the publication of the third Mining Charter, a redraft of the 2010 version...
Tanzania rushes through laws forcing miners to renegotiate deals
JUNIOR mining companies listed in Australia asked for a suspension in trading following Tanzania's special bills last week which threatened to tear up agreements...
Transnet insists balance sheet is tough enough as economy falters
TRANSNET, the state-owned logistics and freight moving company, insisted it was under no pressure despite a sovereign rating downgrade earlier this year, saying it...
JP Morgan sounds the alarm on Tanzania’s proposed mining laws
The draft legislation published by the Tanzanian government recommending changes to the legal framework governing the country’s natural resources sector contains a number of...
CoM interdicts “egregious” Mining Charter in scathing assessment
THE Chamber of Mines of South Africa said it had applied for an urgent interdict to stop the implementation of the Mining Charter which...
Anglo expected to resume dividend payments at half-year
RATINGS agency, Moody's, recent comment that South Africa's Mining Charter redraft is likely to be credit negative for companies such as Anglo American -...
Charter roadshow off to chaotic start as Zwane flees imbizo
THE Chamber of Mines responded with dismay to reported comments by mines minister, Mosebenzi Zwane, that South Africa's mining industry was negotiating in bad...
Will BHP and others pay for ditching progressive dividends?
ONE of the observations regarding the investor activism being encountered by BHP – the mining firm that reaffirmed its Australian roots by dropping the...