DMR “out of court” settlement on charter seems unlikely
A SOUTH African government declaration that it was "progressing" towards an out of court settlement with the country's mining sector on black economic empowerment...
Trump can give metals a push, but it’s China that matters
ANALYSTS are puzzling over the extent to which US president-elect, Donald Trump, has helped stimulate the world’s commodity markets further following a somewhat vague...
Glencore rehabilitation complete as unveils $1bn dividend
GLENCORE gave notice of its rehabilitation following a tumultuous 2015/16 saying it would pay a dividend of $1bn in two halves during its 2017...
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...