Xtract resumes Manica as Nelson sticks to guns on resignation
XTRACT Resources on-and-off affair with the Manica gold project in Mozambique is back on again with the company re-acquiring ownership after the deal struck...
Illegal mining spiraling out of control says Chamber of Mines
Illegal gold mining – which is already worth an estimated R6bn annually – is spiraling out of control and the authorities need a co-ordinated...
Too early to call recovery, says Pallinghurst after $33m loss
Pallinghurst Resources, an investment group with interests in platinum, manganese, iron ore and coloured gemstones, said it was "too early" to call the turnaround...
Nkosi asks whether SA miners “acted honestly” in BEE deals
FORMER CEO of Exxaro Resources, Sipho Nkosi, has questioned whether the South African mining industry has "acted honestly" in its efforts to implement black...
Master Drilling targets doubling in market value by 2018
MASTER Drilling is a tidy little business. Since listing in Johannesburg in 2013, the company has lifted dollar-denominated pre-tax earnings from its debut $35m...
Syndicates are biggest task in fight against illegal mining: Zwane
SOUTH African mines minister Mosebenzi Zwane identified "getting to" syndicates as one of the Department of Mineral Resources'(DMR's) biggest tasks in stamping out illegal...
Master Drilling conserves cash ahead of ‘expansion drive’
MASTER Drilling passed its interim dividend as it sought to capitalise on investment opportunities in line with its strategy to keep geographically diversified.
Commenting in...
ANC defies Zuma on constitutionality of MPRDA
THE African National Congress (ANC) was going against president Jacob Zuma’s reservations about the constitutionality of the Mineral and Petroleum Resources Development Amendment (MPRDA)...
South32 pays maiden dividend as sees out market crisis cash flush
CREATED in the teeth of the commodity price meltdown, South32 offered a glimmer of its future potential paying a maiden 1 US cent a...
Glencore to reinstate dividend in 2017 as hammers net debt
GLENCORE said there was "every likelihood" it would reinstate the dividend next year after a 12-month operating and balance sheet restructuring it which it...