Markets

Why SA’s mining law grants special privileges to China

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I READ with interest, a comment by the Chinese delegation to BRICS, that South African Government procurement processes and BEE, are seen as an...

A new mining cadastre is just the beginning of SA’s minerals...

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"BETTER late than never” was the sentiment from mining executives when the Department of Mineral Resources and Energy (DMRE) finally committed to July to...

The many broken promises of Gwede Mantashe

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WHEN Gwede Mantashe was appointed minister of Mineral Resources in 2018, the mining sector rejoiced. Here was a mining trade unionist and seasoned politician...

Former Anglo chief Julian Ogilvie Thompson dies, aged 89

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JULIAN Ogilvie Thompson, former chairperson of De Beers and Anglo American, has died at age 89 in Johannesburg, it has been reported. Born in Cape...

Why the Minerals Council got it wrong with Transnet

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MENAR CEO Vuslat Bayoğlu remains optimistic about the future of the South African mining industry but there’s a certain caution compared with his attitude...

Kore raises $1m for works programme as SEPCO revises potash JV

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KORE Potash said it had raised $1m after issuing $800,000 in new shares with the balance of the funds raised comprising convertible shares. David Hathorn,...

Glencore unveils $2.2bn ‘top-up’ amid 62% slide in interim profit

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GLENCORE announced a $2.2bn top up in returns to shareholders despite producing sharply reduced year-on-year interim numbers in which lower mineral prices saw net...

Gemfields awards $70m contract for second plant at Montepuez

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GEMFIELDS said it had awarded a contract for the $70m construction of a second processing plant at its 75%-owned Montepuez, a ruby mine in...

Froneman confident of breakthrough in battle against crime and corruption

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NEAL Froneman, CEO of Sibanye-Stillwater sounded a bullish note on a joint committee on crime and corruption which he heads saying cooperation with the...

NUM suspends leader amid reports of growing infighting

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SOUTH Africa’s National Union of Mineworkers suspended William Mabapa, its general secretary, amid reports of growing infighting within the organisation, said Bloomberg News on...